BMW and M Power Owners

Is it correct that if you take a PCP deal with BMW to get a finance discount you can cancel it within 14 day and just pay the lump sum without penalty?
 
Is it correct that if you take a PCP deal with BMW to get a finance discount you can cancel it within 14 day and just pay the lump sum without penalty?

I paid something like ~50 days interest when cancelling my PCP deal with BMW, but I can't remember if it was in the first 14 days or not. I think it was.
 
Doesn't seem to be many DAB radio stations, especially BBC, only has BBC 3C.....?

In your area perhaps.

I have a few national and local DAB stations around me, including the full suite of BBC stations.

With that said, the DAB reception here is ropey, so I generally use the FM on BBC stations, as at least it's generally stable.
 
In your area perhaps.

I have a few national and local DAB stations around me, including the full suite of BBC stations.

With that said, the DAB reception here is ropey, so I generally use the FM on BBC stations, as at least it's generally stable.

Would have thought I could get BBC stuff in Hertfordshire!

Just checked the digital radio site and says I should get loads......
 
Well BMW are running me some numbers. Finance would be with black horse.

The sales man seemed to be under the impression I would have to pay 2 months before I could fully pay the finance off early (he mentioned this i didnt say anything at that point about paying off early.

Does this sound right or is this just typical salesman talk?
 
It's with BMW financial as the broker but on the big stickers on the cars (pre registered delivery millage) the company who provides it is black horse. APR 10.9% lol so not paying that for long!
 
It's with BMW financial as the broker but on the big stickers on the cars (pre registered delivery millage) the company who provides it is black horse. APR 10.9% lol so not paying that for long!

I don't think Black Horse have anything to do with it, BMW Financial Services is a lender not a credit broker IIRC?
 
[TW]Fox;29640984 said:
BMW dealer finance is with BMW Financial Services not Black Horse?

Also it's almost never not a rip off on used cars.

BMW's AUC finance is with Black Horse, not BMW Financial Services (they only provide the finance on new cars). Pre-registered cars for sale though AUC are not classed as new, however BMW FS do provide finance on some new but pre-reg cars, but this can be 0% if it's in the first 60 days of the life of the car.

Regular rate (for AUC / Black Horse) is 10.9% APR, can go up to 14.4% in some cases, but they can also negotiate it down to as low as 7.5%, still a rip-off though!
 
Is that a recent change?

I can't see the point anyway unless they are doing the semi regular deposit contribution offer on sub 12 month old cars.
 
It's with BMW financial as the broker but on the big stickers on the cars (pre registered delivery millage) the company who provides it is black horse. APR 10.9% lol so not paying that for long!

I took out their finance and quickly settled afterwards with a Sainsburys loan of 3%, the little I had to pay in penalty charges pales into comparison with the savings overall.

[TW]Fox;29641046 said:
I don't think Black Horse have anything to do with it, BMW Financial Services is a lender not a credit broker IIRC?

BMW used Black Horse with my used BMW in April this year.
 
[TW]Fox;29641098 said:
Is that a recent change?

I can't see the point anyway unless they are doing the semi regular deposit contribution offer on sub 12 month old cars.

I don't know, but it's the situation now.

Finance is with BMW Financial Services if:
a) Car is new factory order
b) Car already has a build slot but is not yet built
c) Car is a pre-reg in the first 60 days of its life

Finance is with Black Horse if:
a) Car is AUC

That's how I understand it.
 
I took out their finance and quickly settled afterwards with a Sainsburys loan of 3%, the little I had to pay in penalty charges pales into comparison with the savings overall.

Is that because you can get a better deal on the list price of the car if you buy it on their finance?
 
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