Sorry, might be too late for this to have any affect if OP was going to the garage on Friday, but just for the record....
😲 After everything that's been written, why are people still getting this sooooo wrong?
If there's a Briskoda Admin person reading this, perhaps it would be a good idea to have a post re: early PCP settlement that people can refer to rather than folk like me having to correct misleading information.
Everyone: If you CANCEL a PCP arrangement then as with any finance agreement, under UK law, the Consumer Credit Act allows 14 days to withdraw without penalty ( commonly known as the cooling off period ).
But the OP does not want to cancel the agreement ( few people do ), he want's to SETTLE the agreement, that's to say he want's to fulfill it. Under a PCP arrangement, you can settle the agreement at anytime - forget all about the 14 days cooling off, it does not apply to settlement, only to cancellation.
If you cancel an agreement then any incentives would have to be paid back. If however you settle an agreement, you keep the incentives, regardless of when you settle.
OP - check with the dealer who the finance is with, but if it's a VW Group dealership then there's a good chance it's VWFS. And yes, VWFS provide PCP finance on used cars...
https://customer.vwfs.co.uk/car-finance-options/helping-you-choose/financing-used-vehicles.html
I haven't used VWFS to settle an agreement since 2020 and I believe they still work in exactly the same way:
1. Take out a PCP agreement,
2. Give it a couple of days, couple of weeks, couple of months, couple of years - whatever you want then log in to your online account with VWFS and request a settlement figure.
3. If it's after a few days, the only additional payment should be an administration fee of around £20-£30.
Now I say should be, but I'm not up to speed with current T&C. The reason I'm hesitant is I bought a Toyota back in August and did exactly the same as I've always done with VWFS however they hid behind some ambiguous statement in their T&C that said a charge may be applied according to government rules. Well a charge was applied - about £600, but nobody could tell me those government rules or how the figure was calculated. ( I'm still waiting to hear back from the financial ombusman on a ruling). Basically Toyota are saying we may charge whatever we like and don't have to show you how the sum was arrived at. They kept referring to the government website buy never divulged where on that website it mentioned anything about max. charges that can be applied. 7 months on and I've still never found them! Toyota Finance are the only company that I've come across who charge this fee for setttling a PCP agreement but I've a hunch if they get away with it, others may also apply a charge, so whatever finance agreement you're asked to sign, pay particular attention to the section on early settlement.
Hope that helps.