Latest News: SEAT Tarraco beats tough competition to win Best Large SUV just three months after launching in UK, at the Auto Express Awards. The Tarraco – an all-new model for the SEAT brand – was praised by the weekly publication’s panel of judges for its versatility, boot space and reasonable price tag. Of the decision to award the Tarraco Best Large SUV, Steve Fowler, Editor-in-Chief at Auto Express, said: “The Tarraco is the first large, seven-seat SUV from SEAT, and it’s a remarkable first effort. It features a high-quality, upmarket interior that’s also versatile and practical. The cabin is neatly designed and easy to live with, while the long list of equipment includes an excellent infotainment system that responds quickly and has solid smartphone connectivity. The huge 700-litre boot that you get when you fold the third row down into the floor is very useful, and the load bay is nice and flat, boosting versatility. The Tarraco is also smooth on long runs and fun on twisting roads, while it packs a versatile range of engines, making it a well-priced do-it-all SUV.” Richard Harrison, Managing Director, SEAT UK, said: “We’ve already had great feedback from customers since Tarraco launched in the UK just a few months ago, with early sales contributing to SEAT UK’s record-breaking first half year of sales. A fitting flagship to the SEAT range, Tarraco comes standard with seven seats, economical powertrains, a fresh new-look design as well as a top quality interior, and the easymove range line-up includes everything you could need as standard, including metallic paint within the price, making it great value for money. We are delighted and honoured that the experts at Auto Express have named Tarraco as the best large SUV you can buy today, making it the perfect car to complete our multi-award winning SUV line-up.” SEAT’s biggest product offensive reached its climax with the introduction of the brand’s new flagship model, the Tarraco. The new SUV blends the key attributes of every vehicle in the SEAT range – design and functionality, sportiness and comfort, technology and emotion – but in a form that suits a wider variety of lifestyles. Tarraco is available with four trim levels: SE, SE Technology, XCELLENCE and XCELLENCE LUX. FR and FR Sport will be added at a later date. There is a choice of five powertrains: two petrol – 1.5 TSI 150PS in manual and 2.0 TSI 190PS in DSG with 4Drive – and three diesel – 2.0 TDI 150PS available in manual and DSG with 4Drive, and a 2.0 TDI 190PS in DSG with 4Drive only. The seven-seater has respectable boot capacities of 230-litres (2nd and 3rd row upright), 700-litres (with third row folded and 2nd row upright) and 1,775-litres (with 2nd and 3rd rows folded. Find out more about the Tarraco and Test Drive at our Motorvogue SEAT Showrooms in Bedford and Northampton.
Finance Plans Explained at Motorvogue
From PCP to hire purchase, here's everything you need to know about financing your next car.
Car finance might seem daunting, but in reality it's just a simple two-stage process.
The first stage is to decide on the type of car deal you want: loan, lease, hire purchase, or dealer finance. Then it's a simple matter of choosing the provider whose product best suits your needs.
Personal Contract Hire (PCH)
The word 'Hire' tells you what PCH is all about. Basically you're renting a car for (typically) two or three years, with an agreed mileage limit of (typically) 10,000 miles a year. There's no option to buy the car at the end of the contract; you just hand the keys back to the finance provider. In effect, your payments are only covering the car's depreciation.
While you're running it, you're responsible for the car's upkeep. On the plus side, the deposit is low (three or six months' rental is common), as are the fixed monthly repayments, and you can blunt the impact of repair bills by incorporating a maintenance element into the agreement. Check that a separate manufacturer servicing package won't be cheaper before you tick that box, however.
Cars that hold their value well are a good PCH option, because the difference in their new and three-year-old values will be smaller, so you'll repay a lower amount. Cars that plummet in value from new are a bad choice, because you'll repay a much larger amount.
Just as with PCP, you'll need to make sure the car is in good condition when you hand it back, or you could face additional fees as the finance firm cleans it up.
Go for PCH if you say yes to one or more of these statements:
You don't want to own a car, or suffer its depreciation
You like being able to change cars frequently
You like the idea of driving better cars than you could normally afford
You don't mind looking after cars
Personal Contract Purchase (PCP)
It's a bit like HP in that there's a deposit to pay, a fixed interest rate, and monthly repayments over a choice of lending terms, which are usually between 12 and 36 months.
Where PCP differs from HP is at the end of the term. Then you'll have three choices. You can:
- Return the car to the supplier
- Keep the car
- Trade the car in against a replacement
The first option, returning the car, costs nothing, unless you've gone over an agreed mileage or failed to return it in good condition. In either case there'll be an excess to pay.
Keeping the car means making a final 'balloon' payment. This amount is the car's guaranteed future value, or GFV, which is set at the start of the agreement.
The GFV is based on various factors, including the length of the loan and the anticipated mileage as well as the car's projected retail value. If you exercise this final buying option, you can of course keep running the car, or you can sell it, pocketing any equity above the GFV that you've paid back to the lease company.
If you're trading the car in, any GFV equity can be used as a deposit towards the next one.
Just bear in mind that the GFV doesn't always contain a huge amount of equity at the end of the term - so when you're working out monthly costs, it's probably wise to factor in a few extra pounds per month that you can put away in preparation for the next deposit at the end of two or three years.
If the car has gone into negative equity – which can happen – you'll have to find all of that deposit if you want a further PCP. Shorter leases are more likely to come with more accurate GFVs and manufacturers are quite proactive in trying to get you out of a car early if they think there's scope to get you into a new one on a decent monthly rate; it's not uncommon dealers to call customers on three-year deals about a year early - because doing a new PCP keeps the buyer tied to that manufacturer for a further period of time.
Go for PCP if you say yes to one or more of these statements:
- You want lower monthly repayments
- You like the flexibility of options at the end of the agreement
- You can confidently and accurately nominate your mileage
Under HP agreements, there's a deposit to pay – typically 10% – followed by fixed monthly payments. The car is owned by the HP company until the final payment – and any 'option to purchase' ownership-transfer fee – has been paid. Up to that point, the person making the payments has no legal right to sell the vehicle.
Nevertheless, some 'owners' do sell 'their' cars before the final payment. The good news for buyers of these 'non-paid-up' HP cars is that the law clearly protects private purchasers who buy without notice of any undischarged HP agreement.
No matter what the police or anyone else might tell you, you'll get a good title to the car if you buy an HP car under these circumstances. The finance company can take action against the seller if they wish, but it's not your problem.
The credit on an HP agreement is secured against the car, so it's like dealer finance in that the only the car can be seized in the event of a default. If you need to sell the car before the end of the agreement, you'll have to repay the outstanding debt first – and 'early settlement' fees may apply.
Go for HP if you say yes to one or more of these statements:
- Eventual ownership is important to you
- Your budget and circumstances suit fixed monthly repayments
- Your disposable income is likely to decrease over the agreement term (eg if you're planning a family)
- You like low-risk credit secured against the car only
- You don't mind not owning the car until the debt is fully repaid
CONSUMER CREDIT & GENERAL INSURANCE
Motorvogue (Northampton)Ltd is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Motorvogue (Northampton)Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.