Terminate used car PCP within 14 days
Posted: Wed May 05, 2021 7:29 am
I'm planning to buy an Approved Used Karoq, and have a question regarding the terms of the PCP deal.
Ideally, I'd just pay cash - but the PCP comes with a number of benefits including two discounted services, extended warranty and extended MOT cover:
https://www.skoda.co.uk/finance/deals/used-car-pcp-deal
I've read that if I take the PCP and then cancel within the 14 day cooling-off period, I won't pay any interest, and will keep the discounted services, vouchers for which are provided by the dealer at the time of purchase. Does anyone know whether the extended warranty and MOT cover will continue, or will Skoda Finance cancel these?
Obviously I'll check the small print before I sign the agreement, but if anyone here has experience they could share I'd appreciate it.
Ideally, I'd just pay cash - but the PCP comes with a number of benefits including two discounted services, extended warranty and extended MOT cover:
https://www.skoda.co.uk/finance/deals/used-car-pcp-deal
I've read that if I take the PCP and then cancel within the 14 day cooling-off period, I won't pay any interest, and will keep the discounted services, vouchers for which are provided by the dealer at the time of purchase. Does anyone know whether the extended warranty and MOT cover will continue, or will Skoda Finance cancel these?
Obviously I'll check the small print before I sign the agreement, but if anyone here has experience they could share I'd appreciate it.