SEAT is offering new car buyers up to three months of payment holidays and hefty deposit contributions in a bid to get customers behind the wheel of a new car during the Coronavirus (COVID-19) pandemic.
The new finance deals from the Spanish carmaker, which run until 30 June 2020, include deposit contributions of between £1,000 and £3,000, as well as an immediate three month payment break. This deal is across its entire range of cars, but is locked at 5.9% APR.
Depending on the model, customers looking at taking advantage of this offer can put no money down (thanks to that deposit contribution) and then have nothing to pay for the first three months.
If an order is placed before 30th June 2020, the customer will also receive an additional £500 off.
A SEAT spokesperson said: ‘In addition to this, you can also get two services included for £149 when you place an order before the 30th June. Our showrooms might be closed but we’re digitally open. If you would like to know more about this offer just fill in a contact form on our website and a SEAT expert from your nearest retailer will be delighted to discuss your enquiry with you.’
The offer applies to cars on Personal Contract Purchase (PCP) agreements.
Cars included
Vehicles eligible for both payment holiday and zero deposit include the Ibiza,(new) Leon, Arona, Ateca, and Tarraco. While the Mii Electric is only available with the payment break.
Read what it was like to live with the Ibiza, Arona, Ateca and Tarraco:
What this means for you
If you’re in desperate need of a car, but don’t have a lot of cash to hand, this can really help out as you’ll get a brand new car for a quarter of the year without paying anything, except for fuel and insurance. However, before diving in, think about the long-term.
You get three-months off payments, but you do need to pay for this eventually. And, while it comes with a cash discount in the form of a deposit contribution, it’s tied to a relatively high 5.9% APR rate. Remember, some cars are available with 0% interest.
Further reading
>> Car payment holidays: everything you need to know
>> What to do if your PCP deal ends during lockdown
>> The BEST new car deals
