Paying off a PCP early - interest charges

Mactab

I recently bought a new car (6 months old) from a Volvo dealer. £35990. I put £11k down as a deposit and the £24990 financed using a PCP over 3 years at a monthly cost of £354.95.
21 days later I decided that it would be prudent to settle the PCP and own the car outright and I applied for a settlement figure.
Volvo financial Services have given me a settlement date of the 17/01/2025 and are trying to charge me £723.15 in interest charges effectively 80 days of interest at approx £9 per day.
I paid the sum of £24990 on 21st November so I have calculated the interest outstanding to be £207 approx.
For some reason Volvo Financial Services are seemingly unable to calculate a settlement figure based on the date the payment is made not one 53 days in advance?
I would like to know where I stand if they insist that I still owe £723.15.
thanks 

Goudy

You asked for the settlement after 21 days, so there's 21 days interest there.

They can legally charge 56 days interest on the settlement figure.

So 21+ 56.

What is the interest rate on the loan?

TheSpectator

What was the APR?

What does your agreement say about early settlement and interest - normally 58 days interest can be charged on early settlement.

Mactab

they are just quoting CC (early settlement) regulations 2004. and it looks like they are entitled to 58 days interest
unfortunately.  However I did get 2 years additional warranty and 2 services which is worth more then the £700 so maybe not so bad?

TheSpectator

Mactab said:

they are just quoting CC (early settlement) regulations 2004. and it looks like they are entitled to 58 days interest
unfortunately.  However I did get 2 years additional warranty and 2 services which is worth more then the £700 so maybe not so bad?

As has pointed out yes they are entitled to that.