SEAT Finance at West End Garage

Once you have chosen your vehicle, you will agree on a deposit amount, term length and annual mileage with one of our sales advisors. We will then determine the vehicle’s Guaranteed Minimum Future Value (GMFV) at the end of the agreement and provide details of your monthly payments.

At the end of your agreement you will then have three options:

Return – Simply return the car with no further obligations
Retain – Keep the car by paying the optional final payment
Renew – Trade it in for another car

For a quotation, help, or advice contact us and ask to speak to one of our sales advisors.

• Monthly payments on PCP are typically lower than if your car is financed by Hire Purchase (HP).
• You can choose to simply walk away with no further commitments once you have made all the payments.
• Similar to PCH, you can upgrade your vehicle to a newer one every few years.
• If, at the end of the term, your car is worth more than the Guaranteed Minimum Future Value, the equity can be used towards a deposit on a new car.

• The final balloon payment (or Guaranteed Minimum Future Value) must be paid In order to take full ownership.
• Your agreement is subject to a mileage allowance, agreed at the beginning of your contract, so excess mileage charges may apply.
• Any outstanding finance must be settled before you can sell the car.
• You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Yes, PCP agreements can often be settled early by obtaining a settlement figure from the finance provider. It’s worth noting that you’ll be required to pay off the difference between what your car is worth and what you still owe, which could result in negative equity. On the other hand, if your car is worth more at the end of the term than its Guaranteed Minimum Future Value, you will have positive equity to contribute towards your next car.