Settling new Car Finance straight after purchase?

[decadent]

Hi,
I'm buying a new car tomorrow and chose to take out the finance as it meant a deposit contribution and a free service package (VW finance).

I want to settle the finance as soon as possible and have read in various places:

1. Settle within 14 days and pay nothing put the amount you borrowed, i.e. no interest and no set up charges. Is that true, surely I'd have to pay say x days they are "lending" me the money?
2. Pay 99% of the finance off and leave a small balance remaining. This gets you out of Rule 78. What is Rule 78; reading suggests it's about an early repayment charge in interest balance of the amount outstanding?
3. Pay finance for 3 months and then clear it off (can't see the benefit).

What is the best course of action?

Cheers
Matt

[decadent]

Thanks folks. Spoke to VWFS as suggested and I can settle within 14 days under my right to withdraw rights or settle anytime after that by getting a settlement quote. Sounds like the 14 days option is the best. Doesn't affect any of the deals the dealer throws in to make the sale.

To the doubters - what is your angle in not thinking it would be possible, seemed like common sense to me to secure a better discount than cash would achieve?

To add the deposit contribution and free servicing is on top of the prices advertised on broadspeed/car wow and such like.