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At Ingram Motoring Group, we offer flexible finance solutions across the full SEAT and CUPRA range, including new and used vehicles. Our trained specialists will help you compare options clearly — whether you’re choosing a practical SEAT or a performance-focused CUPRA.
While the finance process is shared, our team will tailor your agreement to the model, mileage and ownership plan that suits you best.
Personal Contract Purchase (PCP) is a popular finance option available across new and used SEAT and CUPRA models, offering flexible monthly payments and clear choices at the end of the agreement.
With PCP, you usually pay an initial deposit followed by fixed monthly instalments over an agreed term, typically between 18 and 48 months.
Unlike Hire Purchase (HP), your monthly payments are based on the expected depreciation of the vehicle rather than its full value, which often results in lower monthly payments.
At the end of the agreement, you can choose to pay the optional final payment — often referred to as the Guaranteed Minimum Future Value (GMFV) — to keep your SEAT or CUPRA, or explore options such as part-exchanging into another model or returning the vehicle, subject to mileage and condition.
Once you’ve chosen your SEAT or CUPRA, you’ll agree an annual mileage and finance term with one of our trained Business Managers.
Based on the agreed mileage and term, we’ll calculate the Guaranteed Minimum Future Value (GMFV) of the vehicle and structure a deposit and monthly payment that suits your budget.
At the end of your PCP agreement, you’ll have three clear options:
In most cases, you can settle your PCP agreement early by requesting a settlement figure from the finance provider.
The settlement figure will be based on the outstanding balance compared with the current value of your SEAT or CUPRA. If the vehicle is worth less than the amount owed, this is known as negative equity.
Alternatively, if your vehicle is worth more than the Guaranteed Minimum Future Value (GMFV), you may have positive equity that can be used towards your next SEAT or CUPRA, subject to lender terms and status.
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.
The short answer is yes, you can end your finance early. There are different provisions within each finance agreement that allows you to do just that. If you have got through two-thirds of the way through your finance agreement, the options to end the finance agreement early open up.
For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership of the car early.
Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the car by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.
If your SEAT is written off, your motor insurer will usually settle your claim based on the current market value of your vehicle. This could be a lot less than its original value and therefore may leave you with an unexpected shortfall.
SEAT Gap Insurance† pays the difference between the write off settlement from your motor insurer and the price you paid for your SEAT or the outstanding balance payable to the finance company, whichever is the greater amount.
If your vehicle is leased or hired, SEAT Gap Insurance will cover the difference between the write off settlement from your motor insurer and the early termination charge. This includes any rentals paid in advance as a deposit up to £2,000.
Cover lasts for 36 months and the maximum claim limit is based on your vehicle purchase price.
In addition to all the benefits of SEAT Gap Insurance, the SEAT Gap Insurance Plus† policy includes a 12-month fixed benefit. This will start once your 36-month Gap Insurance cover ends. If your vehicle is written off during the additional 12-month fixed benefit period of insurance, you would receive a fixed sum of £2,500.
With cover starting from as little as £359*, speak to your nearest participating SEAT Retailer to find the option that’s right for you.
Terms and Conditions
Please refer to the Cover Booklet for full terms and conditions, which can be found at insurewithseat.co.uk/gap-insurance
Participating SEAT Retailers only.
†SEAT Financial Services is a trading name of Volkswagen Financial Services (UK) Limited. SEAT Gap Insurance and SEAT Gap Insurance Plus are administered by Car Care Plan Limited and underwritten by Motors Insurance Company Limited.
*£359 includes IPT and is based on 36-month SEAT Gap Insurance for a vehicle priced £0 - £50,000 including VAT.
