BMW Finance // Settlement

[Simon12001]

Afternoon All

Has anyone had any experience with paying of a HP early and receiving an interest rebate from BMW?

My settlement quote includes a potential rebate however I wasn't sure when I would receive this? I settled the full amount just before Christmas.

Just thought I'd post on here before trying to get through to BMWFS!

Cheers
Simon

[Gruber]

Are you sure the rebate wasn't already taken into account in the settlement figure?

[Simon12001]

No, it looks like the rebate was due after the final payment.

Will have to take a look again when I get home!

[gizlaroc]

The rebate is normally included in the settlement figure.

[sixspeed]

Rebate is factored into the settlement as others have already said. The calculation would show the total interest for the duration of the entire term. Your rebate is the amount of interest "saved" by paying early.

[Simon12001]

Cheers guys!