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

Seat is a Spanish automotive manufacturer known for producing a range of stylish, affordable, and well-engineered vehicles with a touch of sporty character.

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

What’s more we can complete your deal the same day, so you can drive home with your chosen Seat 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 Seat?

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

Strengths of Seat

  1. Stylish Design: SEAT vehicles are recognised for their contemporary and sporty design. Models like the SEAT Leon and SEAT Ibiza are known for their sharp lines and dynamic styling, making them visually appealing choices.
  2. Affordability: SEAT offers good value for money, with vehicles that are often more affordable than their competitors while still providing quality and reliability. This affordability extends to the used car market.
  3. Performance: SEAT vehicles are designed with a focus on sporty performance and handling. Models like the Leon Cupra offer spirited driving experiences, making them a popular choice for those who enjoy dynamic driving.
  4. Advanced Technology: SEAT incorporates advanced technology in its vehicles, including modern infotainment systems, driver assistance features, and efficient engines. Even older models often come equipped with impressive tech features.
  5. Fuel Efficiency: Many SEAT models are designed with fuel efficiency in mind, helping to reduce running costs over time. This makes them a practical choice for daily commuting and long-distance driving.
  6. Volkswagen Group Engineering: As part of the Volkswagen Group, SEAT benefits from the engineering expertise and high-quality standards of its parent company. This association ensures that SEAT vehicles are well-built and reliable.

Weaknesses of Seat

  1. Depreciation: SEAT vehicles can experience significant depreciation, particularly in the first few years. While this can be advantageous for used car buyers, it's something to consider if you plan to sell the car in the future.
  2. Interior Quality: While SEAT vehicles are well-designed, some models may have interior materials that feel less premium compared to competitors. Inspect the interior for signs of wear and tear, especially on older models.
  3. Limited Model Range: SEAT's model range is not as extensive as some other brands. This might limit options for buyers looking for specific body styles or features.
  4. Ride Comfort: Some SEAT models are tuned for sporty handling, which can result in a firmer ride quality. If ride comfort is a priority, test drive the car to ensure it meets your comfort preferences.
  5. Resale Value: While SEAT vehicles generally offer good value for money, their resale value might not be as strong as some premium brands. Research the specific model and year to understand its depreciation trends.

Tips for buying a used Seat

  • Research Specific Models: Popular models like the SEAT Leon, Ibiza, and Ateca 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. Regular maintenance by authorised SEAT service centres is a good indicator of a well-cared-for car.
  • 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 SEAT 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. SEATs generally have reasonable running costs, but it's important to consider maintenance expenses, especially for older models.

Overall, a used SEAT can offer a stylish, sporty, and practical driving experience with advanced technology and good fuel efficiency. By doing thorough research and inspections, you can find a high-quality used SEAT that meets your needs and provides lasting satisfaction.

Buying a used Seat with HP car finance

One of the ways to buy a used Seat, 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 Seat from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Seat 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 Seat 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 Seat 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 Seat 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 Seat today: with HP car finance you can get a Seat, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Seat: cars are expensive, but are often an essential part of daily life. When you buy your Seat 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 Seat 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 Seat 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 Seat 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 Seat 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 Seat being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Seat is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Seat'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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