Buy it on a PCP to get the dealer contribution and 5 year warranty - cancel the PCP within 14 days "cooling off" and pay the full cost less the dealer contribution and the upfront payment and just a small amount of interest to cover those few days - you'll retain the dealer contribution and 5-year warranty.

You have to be quick as they'll probably try to delay beyond 14 days which will then add initial and termination payments as defined in the agreement.

The dealer won't get their PCP commision so may not be happy which may affect ongoing service.

Yes, you can ... kinda, sort-of.

Basically, you have the legal RIGHT to cancel the PCP and pay off all sums owing within the first 14 days - NOT a month !

If the dealer has made a 'deposit contribution' as part of the deal then ... tough on the dealer, basically. They have no right to it back. No idea on the upgraded warranty, however.

Now, depending on the interest rate on the PCP, it might make more sense to actually use the PCP rather than the bank loan. Whlst you list the interest rate on the bank loan, you don't list the rate on the PCP.

Yes, dealers get commission on PCP and other finance. But you can't begrudge that, after all the bank is going to be making a profit out of your loan too. Make sure you don't throw away a decent deal, just to avoid the evil car salesman making some profit.

An advantage of a PCP over a bank loan is you don't HAVE to buy the car at the end of the PCP agreement. You also get what are called 'VT' or Voluntary Termination Rights - basically, once you have paid off 50% of the total of the agreement finance, you can hand back the car and walk away without any penalty or other sums owing. (This right, along with the sums and VT date, should be included in your finance paperwork).

NOTE : I do not claim that this next bit is correct. My understanding or reading of it might be wrong.

In particular, I'm not entirely sure that both sections of the deposit (yours and the dealers) is calculated out of the VT 50% figure.

CHECK with a professional !

Had a look at the Dacia site. Assuming it's the representative example (£1604 customer deposit, £400 dealer deposit, £99 per month for 49 months, etc ...) then I think this is your calculation (roughly)

Total amount payable is £9356. Therefore the 50% mark is at £4678.

Your deposit was £1604. Dealer deposit was £400. That is all taken off the £4678 (50%), leaving £2674.

Your payments are £99 per month.

2674 divided by 99 = 27. So anytime after the 27th month, you could VT if you wanted to, and just hand back the keys and walk way.

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Basically, VT can be useful - lets say a change in circumstances, or you find that, after a couple of years the padding on the seats really digs into your back in a few places, and you've decided it isn't for you.