Withdrawing from PCP, or early settlement?
DW recently ordered a new car via PCP to secure a manfacturers deposit contribution. The car has now arrived and we intend to end the PCP once the vehicle is collected.
My recollection is you can either withdraw from the finance by "giving notice" witin 14 days and only incur interest charges, or settle the finance anytime after the 14 day period which is likely to incur additional fees for up to 58 days interest, or document fees etc.
I just wanted to double check that withdrawing from the finance was the cheapest way to clear the debt and retain the deposit contribution.
My recollection is you can either withdraw from the finance by "giving notice" witin 14 days and only incur interest charges, or settle the finance anytime after the 14 day period which is likely to incur additional fees for up to 58 days interest, or document fees etc.
I just wanted to double check that withdrawing from the finance was the cheapest way to clear the debt and retain the deposit contribution.
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