Buy Seat Gap Insurance

Why protect your Seat with Gap Insurance at Easy Gap?

Seat models have quickly joined the rest of the Volkswagen Group in terms of being amongst the most in demand manufacturers on the market today. However, like any other make and model, your Seat will begin to depreciate as soon as you accelerate away from the dealership. As you may already be aware, your vehicle may lose as much as 50% in the first three years of ownership which, according to motor trade experts is the average rate of depreciation. 

If your Seat was to be written off or declared a total loss, your motor insurer would only ever pay you the market value of your vehicle on that day, which three years down the line may be just half of what you paid. This leaves you financially vulnerable, however, Gap Insurance can protect you.

Why should you consider Vehicle Replacement Gap Insurance for your Seat?

Just as your Seat is losing value, the cost to purchase a new Seat with inflation, exchange rates and VAT changes will have increased.

This inflationary aspect can make all the difference and this is exactly what vehicle replacement has been designed for. Vehicle Replacement Gap Insurance pays the difference between your Seats valuation (whatever it is worth on the day of your claim) and the amount that a you would need to spend you buy another Seat, the same mileage, specification and age as yours was when drove it home.

If that model is no longer available then settlement is based on the superseding model. If you have purchased your Seat model at a discounted price or with the knowledge that the model may be replaced by another in the near future, Vehicle Replacement Insurance may be the most ideal level of cover for you.

Return to Invoice Gap Insurance for Seat

It is a common occurrence for a Seat dealership to offer a form of Return to Invoice Gap Insurance which therefore makes it likely to have been offered to yourself. This form of Gap Insurance tends to be the most popular choice of protection within dealerships across the UK.

Return to Invoice does exactly what it suggests and will return you back to full purchase price that you paid for your Seat model. Put simply, Your motor insurer will pay you the market value of your vehicle on the day it was written off or stolen and Easy Gap will pay you the from that settlement amount back up to the price that you paid.

Finance and Contract Hire Gap insurance for Seat

Your contract hire company as you know will have based your monthly rentals no only on the amount that you are paying but also how much they think that they can dispose of your Seat for at the end of your contract. Your own motor insurance will take care of the market value / disposal aspect but what about the rest?

No matter what your contract hire call it, from back rentals to contributions even settlements it will make no difference as it is the exact same thing. It is in effect, a physical financial amount that you will have to pay onto of your own motor insurance settlement to clear your financial liability. Without any form of cover your are still responsible for this amount what ever it may be.

Finance and Contract Hire Gap Insurance pays the difference between your the valuation of your Seat on the day it is written off and clears your financial liability. 

SEAT is a Spanish auto mobile manufacturer founded in 1950 by the government owned financing company ‘Sociedad Espanola de Auto mobiles de Tourismo’, later re-named SEAT in 1990. In 1986, SEAT’s main European competitor, Volkswagen purchased 75% of the promising company and later increased this share to 99.9% in 1990. At the time of the company’s creation, Spain was suffering from a lack of vehicles on its roads, with only 3 vehicles per 100 inhabitants.

The first SEAT car was manufactured in 1953 and was aimed at the taxi market and in 1957, SEAT manufactured the 600 model, aimed for the economical market. The great success of the 600 allowed SEAT to become an iconic symbol throughout Spain. Most interestingly, the company's first export was to Colombia in 1965 of the 600 model.  In 1974, the two millionth vehicle is produced which increases SEAT’s ranking to eight in the European market.

The 600 model is later developed into a range of successful models, including the iconic Panda model, Copa, Ronda, Ibiza,Malaga and Marbella models. The Spanish auto mobile manufacturer begins officially exporting to the European market in 1983, with the first sales in the Netherlands. SEAT begins to achieve recognition for its unique design of cars in comparison to the typical European German design.

Seat have recently announced plans to join the rest of the Volkswagen Group as they look to join the SUV market. The Volkswagen Group announced that both Seat and Skoda will be joining the SUV car market in the next 12 months.

Most recently, the Volkswagen owned Seat brand announced a brand new Leon Cupra performance pack. The Seat Leon model is arguably the most prevalent and recognisable model in the Seat range alongside the Ibiza. As well as the new performance pack, Seat have introduced a new Eco version of the Leon model.

The new Seat Leon Ecomotive model focuses on lowering the fuel emissions on the model as well as increasing the fuel efficiency.
Depreciation Rates for Seat

If you have purchased a Seat Leon Hatchback 1.6 Tdi 105 S 5 Door. According to What car, you would have paid somewhere in the region of £17,395 but by end of year one it would have dropped to just £10,301. Year two £8,440, year three £6,834 and the fourth year £5,457.

What about an Alhambra MPV 2.0 TDI 140 Ecomotive 5door which would cost around £24,785? Year one this drops to £14,926, year two 12,276, year three £10,100 and year four £8,600.

Seat Exeo Sport Tourer 2.0 TDI 170 Sport Tech 5dr will of cost you around £25,655. So, what will it be worth in 12 months time? Well again according to What car, it will have dropped to £13,825.Year two £11,381, year three £9,344 and year four £7,968.