BMWFS still auto-deducts payment after making payment - BMW 3-Series (E90 E92) Forum

f30nynj · 04-23-2013, 09:56 AM

I had auto-pay enabled in case I forget to make payment. This month I paid my due in a week in advance and today I found that BMWFS auto-deducted from my account for the same amount. So my question is

1) Will my next month's payment go down since I had made two payments this month?
1.a) If not, can I skip next month's payment?

2) Just curious, what is the penalty for not making payment on due date? Does BMWFS give any grace time? Do they immediately report to credit agencies?

MP0WER · 04-23-2013, 01:28 PM

Maybe you should call BMWFS.... ??

FVM3 · 04-23-2013, 01:38 PM

give them a call

f30nynj · 04-23-2013, 02:12 PM

OK. I called them and here's the answer to my own questions

1) There will be no change in monthly payment.
1a) So next month's payment will be taken care by the excess payment made.

2) If i make the payment within a week post due date, I should be fine.

That's it.

04-23-2013, 09:56 AM	#1
f30nynj ~~Bimmer Thriller~~ Drives: 2013 328i xDrive Join Date: Sep 2011 Location: NY/NJ Posts: 197 iTrader: (1)	BMWFS still auto-deducts payment after making payment I had auto-pay enabled in case I forget to make payment. This month I paid my due in a week in advance and today I found that BMWFS auto-deducted from my account for the same amount. So my question is 1) Will my next month's payment go down since I had made two payments this month? 1.a) If not, can I skip next month's payment? 2) Just curious, what is the penalty for not making payment on due date? Does BMWFS give any grace time? Do they immediately report to credit agencies? __________________ F30 - 328i Imperial Blue/Beige Leather \| Cosmetic mods E90 - SOLD
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04-23-2013, 01:28 PM	#2
MP0WER Gotta Love It!! Drives: Exceptionally well :) Join Date: Feb 2009 Location: Tampa, FL Posts: 951 iTrader: (0)	Maybe you should call BMWFS.... ?? __________________ -Joe *"No Representation Without Taxation"*

04-23-2013, 01:38 PM	#3
FVM3 Brigadier General Drives: 2011 E93 M3 Join Date: Sep 2010 Location: Los Angeles Posts: 4,801 iTrader: (2)	give them a call __________________ 2011 E93 DCT

04-23-2013, 02:12 PM	#4
f30nynj ~~Bimmer Thriller~~ Drives: 2013 328i xDrive Join Date: Sep 2011 Location: NY/NJ Posts: 197 iTrader: (1)	OK. I called them and here's the answer to my own questions 1) There will be no change in monthly payment. 1a) So next month's payment will be taken care by the excess payment made. 2) If i make the payment within a week post due date, I should be fine. That's it. __________________ F30 - 328i Imperial Blue/Beige Leather \| Cosmetic mods E90 - SOLD

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