02-03-2016, 01:30 AM | #1 |
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Drives: f83 / E93 335 / E70 X5 40d
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BMW Finance Australia fined for bad business practices
This reminds me of the NIJA loans...
http://www.msn.com/en-au/money/marke...ine/ar-BBp0lWC What's interesting is that I got a quote recently from BMW Finance for a non-BMW vehicle and the quote was 6.99%, which was a bit high. I then checked the calculated repayments on my spreadsheet and the actual rate was nearly 9%. How do they get away with that? |
02-03-2016, 07:49 AM | #2 | |
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In terms of your 9%, maybe check your calculations again. On my last car, i locked in a rate with BMW NA, a month later, they notified me of a change and actually dropped my rate by 0.5%. Unless you have another article showing your problem isnt a one off event, I'm more inclined to think your math is wrong. |
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