Quote:
Originally Posted by Vic55
Lets dummy it down...
What the finance manager may have told you is that he is making a split on the rate BMWFS charged you.
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As a buyer your contract is with BMWFS which has no pre pay 90 days or not so that was just the Finance Manager asking for consideration but is up to you. Another thing to ponder is there sales tax in your state. If so you paid it on the original RIC and then most refi lenders will tax you yet again- fuck the double taxation.
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This is all good to know. It sounds like it's my Finance Manager who stands to lose out the most if I refi within 90 days. I don't really have a problem waiting 90 days. It just really bothers me that he flat out lied and said I'd lose the rebate if I didn't wait. I feel like that's no way to do business and bad karma in general. If I really want to be an ass, I could set up the refi to occur on day 89. Lol. I'm not that kind of person so I won't.
Oh, I won't be double taxed. My CU will just refi the payoff amt. They even have an offer for $200 cash back on a refi.