PCP early repayment

Penelopa.Pitstop

incopad said:

I am looking pay cash for a 3 year old car for around 16k which comes with a year warranty. At the dealership I was told that if I took out pcp I could get 2 years free servicing, mot and breakdown. I could then simply pay if the loan a month later and keep all the above.

if I took out pcp, things like alloy , tyre and scuff protection would  be added to the price coming in at around 18k total. These are things I wouldn’t bother with if paying cash. I queried that if I were to pay the contract early would I be paying off 18k or just the 16k  and was told it would be based on the value of the car, so 16k. Ever the sceptic I asked if they were sure as this seemed a win for me and not much in it for them apart from their fee for sorting out finance. Anyone come across this before? Is it correct?

Take PCP to get incentive and then pay it off as suggested in other posts. Refuse any addition protection products. They are not related to PCP in any way. They just give commission to salesman.