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I’d advise people to check the cooling off period for any finance they are taking out simply to get the finance deposit contribution.
If you cancel during the cooling off period just be sure that the finance company does not conclude that the finance never happened at all, in which case you’ll be chased for the finance deposit contribution.
And as someone upthread correctly said, the dealer tells you to wait X months simply because they don’t get the full kick-back from the finance company if you pay it off within X months.
Thanks for the feedback. My plan was to pay off the majority of the finance straight away and then leave less than £1000 left, then pay back over the 6 months that the dealer advised. That way the interest is limited and the dealer still gets his comission. Hopefully everyone will be happy!
Once it is all set up i will give them a call and update.
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