Im paying mine monthly with the idea that I'll cancel during winter months (October - Feb) which should save me ~£288. Costs an extra £80 to pay up, but you can cancel it at any point which is nice.
Hopefully the car wont break while sitting doing nothing :whistle:
Don't forget that when you re-start it, it doesn't come into effect until a month from the day you re-start it. ie, do it today, warranty comes into effect 23rd April.
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