What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
Is it legal to take out a PCP to get a dealer discount and then cancel it?
We want to buy an estate car outright but two different dealers have suggested we take out PCP finance arrangements in order to qualify for the substantial dealer discount, but then cancel it within a couple of weeks just to get the discount. Is this ethical or legal?
Asked on 22 June 2018 by Stephen Smith
Answered by
Honest John
Completely unethical and dishonest. If there is money available somewhere to fund a discount when a car is bought on a PCP, then that same money should be available for a discount. The reason they do this is to trap customers into PCP 3 year replacement cycles that ultimately make the manufacturer more money.
Similar questions
I'm looking to exchange my car for a newer model and the Mercedes-Benz dealer is pushing PCP. Should I pay cash? The dealer has quoted £300 ppm over four years.
What are the advantages and disadvantages of getting a new car on a PCP? My present car has a guide value of £4620 but is eight years old although its mileage is only 38,000.
.jpg)
