Buying a used Cupra with hire purchase (HP) car finance

Cupra, originally the high-performance division of SEAT, is now a standalone brand known for its sporty and stylish vehicles.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Cupra within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Cupra model straight away.

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Complete your details via our online form.

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Cupra?

If you’re considering purchasing a used Cupra, here’s a detailed look at what you should know about its strengths and weaknesses:

Strengths of Cupra

  1. Performance: Cupra vehicles are designed with performance in mind. They offer powerful engines, agile handling, and sporty driving dynamics. Models like the Cupra Leon and Cupra Formentor provide an exhilarating driving experience.
  2. Sporty Design: Cupra cars stand out with their aggressive, sporty design language. Sharp lines, distinctive badging, and dynamic styling cues give Cupra models a unique and attractive appearance.
  3. Advanced Technology: Cupra vehicles are equipped with advanced technology features, including high-resolution digital cockpits, advanced infotainment systems, and cutting-edge driver assistance technologies. These features enhance both the driving experience and safety.
  4. Quality Interiors: The interiors of Cupra vehicles are crafted with high-quality materials and attention to detail. Sporty seats, premium trims, and modern design elements create a comfortable and engaging cabin environment.
  5. Brand Exclusivity: As a relatively new and performance-focused brand, Cupra offers a sense of exclusivity. Driving a Cupra can set you apart from more common mainstream models, appealing to enthusiasts who appreciate unique, high-performance vehicles.
  6. All-Wheel Drive Options: Many Cupra models come with all-wheel drive (AWD) options, providing improved traction and stability. This is particularly beneficial for handling challenging road conditions and enhancing driving performance.

Weaknesses of Cupra

  1. Higher Running Costs: Due to their performance-oriented nature, Cupra vehicles may have higher running costs compared to non-performance models. This includes fuel consumption, insurance premiums, and maintenance expenses.
  2. Limited Model Range: As a newer and niche brand, Cupra has a more limited model range compared to more established manufacturers. This means fewer options in terms of body styles and variants.
  3. Ride Firmness: The sporty suspension setup that enhances handling in Cupra models can result in a firmer ride quality. This might not appeal to buyers looking for a more comfortable, cushioned ride.
  4. Depreciation: While Cupra vehicles hold their value reasonably well, performance cars, in general, can depreciate faster than non-performance models. It's important to consider potential depreciation when purchasing a used Cupra.
  5. Interior Space: While Cupra vehicles have well-designed interiors, the emphasis on sporty design can sometimes compromise interior space and practicality compared to more conventional models in the same class.

Tips for buying a used Cupra

  • Research Specific Models: Popular models like the Cupra Leon, Cupra Ateca, and Cupra Formentor each have unique characteristics. Research specific model years for any common issues or recalls to ensure you make an informed decision.
  • Check Service History: Ensure the vehicle has a comprehensive service history, preferably by authorised Cupra or SEAT service centres. Regular maintenance is essential to ensure the vehicle's performance and reliability.
  • Inspect for Wear and Tear: Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the interior, electronics, and suspension components.
  • Consider Certified Pre-Owned: Buying a dealership-certified pre-owned Cupra offers benefits like extended warranties and rigorous inspections, providing added peace of mind.
  • Evaluate Running Costs: Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the car fits within your budget. Performance vehicles like Cupra may have higher running costs, so it's essential to consider these expenses.

Overall, a used Cupra can offer a thrilling, high-performance driving experience, with advanced technology and distinctive design. By doing thorough research and inspections, you can find a high-quality used Cupra that meets your needs and provides lasting satisfaction.

Buying a used Cupra with HP car finance

One of the ways to buy a used Cupra, if you do not have enough money to pay for it in full straight away, is to use Hire Purchase car finance (HP car finance).

This is where you ‘hire’ the Cupra from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Cupra from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Cupra completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Cupra could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Cupra are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Cupra today: with HP car finance you can get a Cupra, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Cupra: cars are expensive, but are often an essential part of daily life. When you buy your Cupra with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Cupra will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Cupra you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Cupra at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Cupra at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Cupra being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Cupra is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Cupra’s purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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  • Complete the same day

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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