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paying off PCP early

Moley27272
Moley27272 Posts: 69 Forumite
Fourth Anniversary 10 Posts Name Dropper
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

Comments

  • 400ixl
    400ixl Posts: 3,780 Forumite
    1,000 Posts Second Anniversary Name Dropper
    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.
  • Moley27272
    Moley27272 Posts: 69 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    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... 
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