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paying off PCP early
Moley27272
Posts: 69
Forumite
in Loans
Hi, I've recently entered into a PCP arrangement for a car. Its with VW finance and am now in position to pay the full amount and end the agreement. I am still within the cool off period of 14 days. Yes I know I should not have entered in this agreement...but I did. If I did pay the full amount owed will I lose the benefit the dealer gave me? mOT, service, warranty etc.
Thank you
Thank you
0
Comments
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I take it that you got a service plan as part of the finance package? I did this with Audi Finance so essentially the same and paying off the finance in the cooling off period had no effect on the service plan, that remains valid.
Warranty is not linked to the finance so that won't be affected either.
Not sure why you say you should not have entered into the agreement. You wouldn't have got a free service plan if you hadn't. I assume this it the one that covers the next 2 services (Inspection & oil).
This was the only reason I took partial finance when I bought mine with the full intention to cancel it in the cooling off period. cost me about £14 in interest for a service plan. Bargain.0 -
Hi, thanks for replying. You have confirmed what I thought. My agreement , which is for an EV so no oil inspection !. It, includes MOT and parts, the next service which is in n 2 years and warranty. I'm fortunate to be able to pay it off within the cooling off period. Today is the day...0
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