Click to start a quick and easy gap insurance quotation for your Seat and see just how simple and inexpensive shortfall cover can cost.
Or why not call a member of the team on 08001954926 or 01516477556.
You can also contact us using our online form or email [email protected]
How much will your Shortfall policy cost?
Gap Insurance is designed to run alongside your comprehensive insurance and depending on the level of cover you opt for, either;
1. pay you the amount of money you need to return you back to the original invoice price you paid for your Seat (Return to Invoice),
2. pay you the amount of money you need to purchase another Seat of the same age, mileage, and condition as your Seat originally was when you first purchased it (Vehicle Replacement) or,
3. pay your finance company the outstanding balance that you are liable for, allowing you to walk away from the finance agreement without any financial liabilities (Contract Hire/Finance Gap).
SEAT is a Spanish automobile manufacturer, which was founded in 1950. The company is currently owned by German automaker Volkswagen. SEAT is an acronym for Sociedad Espanola de Automoviles de Turismo.
Pre 1950, Spain was economically underdeveloped and had no significant automobile market. To take advantage of this gap, the Spanish bank ‘Banco Urquijo’ along with the several small-scale Spanish automobile companies formed SEAT with the goal of establishing Spain’s only mass production car maker. This plan was supported by the Spanish government who would take full control of the company.
The Spanish government searched for a foreign partner with expertise in the automobile market. It would partner with Italian automaker Fiat, who would exchange its expertise for a small company stake. This would be the start of SEAT's successful history. The company would go on to play a significant role in Spain’s economic development as it began the shift from an agriculture based economy to an industrialised based economy. SEAT introduced its first car in 1953, which was known as the 1400 model. This car was designed for the growing taxi market. In 1957, the successful 600 model was introduced to cater for the growing Spanish middle class. In 1965 the company exported its first car to Columbia.
In 1974, the 2-millionth car is produced and by 1976, the 3-millionth. In the 1980’s, the partnership with Fiat began to cause problems within the management and in 1982 the two companies departed. However it was not long until the German automaker giant Volkswagen would acquire a 50% stake in SEAT in 1986 which increased to 99.99% in 1990. The company is the official sponsor of the UEFA Europe League.
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