7 hours ago, Tenchfisher said:

I am buying on PCP to get the £1500 and 2year’s free services, but I will be paying it off after 28 days. Apparently a lot of people do this, so the option probably won’t be around for too long. I was offered £4500 trade in, but was advised to try Evans Halshaw, who are currently offering to beat any We Buy Any Car offer. I got £5600 for my car and the money was in my bank a couple of days later.

 

You can pay it off sooner than 28 days. I terminated my latest PCP the day after I got the car. Paid a few pounds of daily interest and kept all the incentives. 

 

Sometimes with settlement additional fees are included. A set amount of interest, option to purchase fees. Terminating within 14 days is cheaper. There are lots of threads on here of people doing the same 

Thanks, I will do as you say. My dealer advised within 28 days, but if I can do it sooner I will.

I've just done the be the same thing, within the 14 day cooling off period.  I just phoned them and said I'd like to withdraw/cancel the agreement and they told me how much I had to pay.  I then did a BACS transfer for the full amount although this was in two transactions as apparently there's a £10,000 limit for BACS. 

 

Got a 2.3% loyalty loan from the Nationwide over 5 years which means I don't have that massive balloon payment and far less interest. Only £18 more per month than the PCP. 

Bought on Skoda finance to get the cash back and the free services. Withdrew from the agreement within the 14 day cooling off period, paid the balance and kept the free services etc. Just didn't want to pay interest and have freedom to do what we want when we want.