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2010 2011 BMW 5 Series Forum F10 Owners choice and 550i x M sport price |
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06-05-2011, 03:57 PM | #1 |
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Owners choice and 550i x M sport price
Hi,
I read most of the threads about owners choice and it is not clear if I can simply turn in the car after 3 years. Can someone confirm that using owners choice would allow me to turn in the car like a lease? MSRP on car is 77075 and for a 3yr/12000 payment is 791. This is all including tax. Down payment is 4000. Owners choice 550xi with M sport, Premium 2, convi, cold,HUD, sport trans Negotiated price is invoice plu 1740 Is this a good deal? |
06-06-2011, 05:22 PM | #2 |
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With Owner's Choice, you're actually financing the car with a balloon payment at the end of the initial term. So, if you're taking 3 years, at the end of those 3 years, you have a balloon payment.
That's how they can lower your payment in the initial term.
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06-07-2011, 07:27 AM | #4 | |
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Quote:
When 3 years is up, the $25k will come due. You can pay it off or refinance it if you're keeping the car. Or, you can trade it in but you will still owe the $25k to get rid of the car. |
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