Hi, I’ve just bought a car on pcp 4 days ago. Have also just had a loan offer from the bank which is a significantly better interest rate than pcp, so will save much more with monthly repayments. Am I able to take that loan and pay the finance company for the original price of the car or terminate the contract as within 14 days? Would I expect any additional costs with that or would it be the loan amount?
Also does the car dealer get involved if doing that or is it all directly via the finance company which I would prefer to avoid confusion dealing with sales. We got 24 month warranty with the car dealer as part of the deal also.
Finally are there any advantages to keeping in the pcp deal rather than paying cash. I appreciate any advice, thanks