Paying off/withdrawing PCP early

[MEZZA]

Will probably be ordering a new GTi this week - I know this has been discussed before but just double checking - do you withdraw from the agreement just after signing the finance agreement or after taking delivery,which is likely to be another 12 weeks or so ? - also, some people on internet forums say also you should ask for a settlement figure after 14 days instead of withdrawing within 14 days to avoid the risk of losing the deposit contribution ?

[davyk31]

You can't withdraw until after delivery because the agreement does not even start until you have the car. As regards timescales after delivery to be honest I would let it run a couple of months jut to be sure. The interest will be minimal for that period.

[kalimon]

You can withdraw the day after taking delivery and I would advise you to do so

[hog_hedge]

As previously said, take delivery and sign docs. Ring up the next day and settle, then drive your new car that cost you £1000 less and laugh like a mad man

[kane1210]

Finance newbie here. If I withdraw I pay everything balloon included?

[davyk31]

Yes if you withdraw then there is no such thing as the balloon. You need to pay the car in full.

[I wanted a GTi]

As previously said, take delivery and sign docs. Ring up the next day and settle, then drive your new car that cost you £1000 less and laugh like a mad man

If you buy a GTE is it okay to laugh like the guy in the GTE advert?

[maxie]

i rang them the day after but the paper work hadn't been sent through but rang them again and asked for end of agreement quote and waited a few days for the letter to come through and i then sent a cheque. few days after that i had confirmation. and the car was all mine.. simples sent it signed of course.

[Macleesh]

Collected mine on a  Friday, cancelled finance on following Monday. No drama, had letter confirming all settled by the following Friday.