URGENT- paying off car finance

emylou

Once you have signed a finance agreement with a car company do you have a cancellation period? Can I take the car today but pay the full amount (from a cheaper loan) within 28 days??
It's with Peugeot if that makes any difference?!

fiveyearplan

Did you read the small print? I would have thought you would have the 14 day cooling off period but you may want to check.

I notice in your signature you've paid off quite a bit of debt - well done!

emylou

Thanks for the reply- I was throwing all spare money at it but just recently have got a bit slack
Am so frustrated with myself cos I asked about APR & was told "Finance will be 5.8%" but didnt understand they weren't talking about the APR- I thought I had learnt my lesson!!!
The paperwork is confusing- am going to call Peugeot Finance at 9am when they open.
Do you mean I should cancel & not get the car at all (which I am getting because my commute to work is alot further & my car wasn't going to last any longer) or cancel the finance & pay another way?