[beemercon]

Hi, I am new to this site and would really appreciate any advice re the following:

Last year I purchased a 6 month old BMW from a main dealer, and they arranged finance for me through BMW Financial services. In recent months I lost my job, have missed some payments, and am now looking to do a voluntary termination. However, when I asked BMW Finance for a settlement figure, it seemd rather high. On checking my agreement I have noticed that the total interest seems to be very high for the quoted APR (I used several on line APR calculators to check it) - to the tune of approx 2.5k. I wondered if anyone else has had this problem, and is there anything I can do about it, or am I barking up the wrong tree? I am not trying to avoid my responsibilities, but I have previously fallen victim to a sales scam at another BMW, dealership so do not really trust them.

I have attached a copy of the contract.

Thanks for taking time to read.