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.
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