Quote:
Originally Posted by Goneinsixtyseconds
335dx's example is a bad one, that is one where the finance company loses out. If a car price and amount owed is that far out of balance at the VT point then the original deal was not very well thought out by the finance company. And as far as I'm concerned that's their own fault. Over inflating the GFV leads to that, and that is NOT the consumers fault.
Many that do it with BMW's don't cause the dealer to lose out if the value is close ish, maybe £1-2k out at trade price, then you haven't taken advantage of anyone and you HAVE paid a fair price for the use of your car.
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Not necessarily, the used car market can have a drastic effect on trade prices, desirability of the car etc etc. They might not have lost out too much as they’ll have had 2 or 3 years worth if interest...
You are right in one respect if the rate was too high, £0 dipper, products financed....