BMW Select

[X5X3]

ordered a new car in December , coming next month. A bit spur of moment, dealer encouragement etc, no problems there as wanted an X5.

while in dealers discussed finance options, no real decision but thought about BMW Select, got a deal, signed for car and filled a BMW Select application form in,

Subsequently changed order slightly after 1 week so actual finance figure never signed for, as it has changed.

Having looked at finances I can save £4000 over 4 years with a bank loan as a compared with BMW Select and own car from day 1. This and the fact that I would be putting a maximum deposit down with BMW select makes me anxious if good forbid, circumstances change, and I wanted out of the deal at 1 or 2 years, when I understand you could lose the lot. Interesting the alternative BMW HP deal when calculated worked out at 10.6 percent APR, despite dealer stating it was around 6%, and Barclays offering 4.9% on an unsecured loan (even greater saving)

Am I tied into the BMW Select deal?, will dealer be pissed at losing commission on loan - yes,

[X5Sport]

Have answered on your other thread about the same thing.