M4 CP. Settling a PCP the day after taking it out

[Superlightdaa]

Looking at buying a pre registered (June 18) M4 CP tomorrow, dealer has offered an extra £5k off the purchase price if I take out the PCP, total 22k off the RRP of a new car.
Total PCP novice as my purchases are usually cash/personal loan, which I was intending to do with this one, however the salesman has advised that I can settle the PCP the very next day and only pay daily interest charge of under £5 plus the finance balance and still get the £5k. Been trying to find the catch with the deal but come up short, can’t see one. Has anyone done this before?

[Superlightdaa]

Thanks for the info, deal is done, collecting my new (to me) M4 CP on Friday 7th Dec. I'm going to settle the finance hopefully the same day if not early on Saturday, will let you know how easy or difficult it is.

[Superlightdaa]

tuffer said:

It will lose a st tonne of money. So despite the initial saving you will still lose a load in depreciation.

Thanks for the advice, but when does a car not lose money. If the GFMV of the car is comparable with the PCP quote then I won't lose the st tonne of money as you say. Oh and the sky might also fall in, I better have a contingency plan for that one too.

[Superlightdaa]

Right of withdrawal completed in under 10 minutes, finance paid. Thanks (mostly) for the advice. Off to play with my new CP.