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My PCP Claim

Black Horse · SEAT

SEAT finance with Black Horse

Check whether your SEAT agreement arranged through Black Horse between 2007 and 2024 is eligible under the FCA's Consumer Redress Scheme.

Takes under 60 seconds. No documents needed. No win, no fee*.

About Black Horse

Black Horse has set aside £1.95 billion for motor finance redress. Lloyds confirmed in April 2026 it does not anticipate needing to make further provisions following PS26/3, though this could shift depending on consumer uptake and any separate litigation.

Named prominently throughout the FCA review. Lloyds confirmed in April 2026 it will not challenge the scheme. Black Horse is widely regarded as one of the lenders with the highest DCA exposure in the market given the scale of its book.

Black Horse is the UK's largest motor finance lender and is considered to have had significant DCA exposure across its book during the period before the FCA ban in January 2021.

Current scheme status

Accepting scheme; not challenging. Preparing for implementation.

SEAT and motor finance

SEAT is Volkswagen Group's mainstream volume brand in the UK, positioning between budget and premium; strong PCP volumes driven by competitive pricing and VW Group dealer finance infrastructure.

PCP was the dominant purchase route for SEAT, with Volkswagen Financial Services active through SEAT's franchised dealer network. Note that VWFS is currently challenging the FCA's scheme in the Upper Tribunal.

SEAT's VW Group engineering at accessible prices made it popular with younger and value-conscious buyers throughout the scheme period. PCP was dominant for the Leon and above, with average agreement values ranging from approximately £10,000 on an Ibiza to £23,000 on an Ateca or Tarraco. VWFS's deep integration with the SEAT dealer network meant a high proportion of agreements went through the captive lender, though broad market lenders also operated across the network.

Common SEAT models in scope

  • SEAT Ibiza

    SEAT's supermini and consistently its highest-volume UK seller; widely sold on PCP throughout the scheme period across multiple generations.

  • SEAT Leon

    SEAT's family hatchback; strong UK volumes on PCP throughout the scheme period, popular for its VW Group underpinnings at a more accessible price point.

  • SEAT Ateca

    SEAT's first proper SUV, launched in 2016; rapidly growing PCP volumes from launch to the scheme end date.

  • SEAT Arona

    SEAT's compact crossover launched in 2017; predominantly sold on PCP with growing volumes through to the scheme end date.

  • SEAT Tarraco

    SEAT's large seven-seat SUV launched in 2019; sold predominantly on PCP during the latter part of the scheme period.

Are you eligible?

You may be eligible to claim against Black Horse if all of the following apply:

  • You took out a PCP or HP motor finance agreement between 6 April 2007 and 1 November 2024.
  • The finance was arranged through a UK dealer or broker, on a regulated agreement.
  • The agreement was for a car, van or motorcycle for personal use.
  • You can identify yourself, we can trace the agreement details on your behalf.

What makes an agreement eligible?

  • A Discretionary Commission Arrangement (DCA) was in place and was not properly disclosed to you. Under a DCA, the dealer could increase your interest rate to earn a larger commission from the lender without telling you.
  • The commission paid to the dealer was unusually high — amounting to at least 39% of the total cost of credit and 10% of the loan — and was not properly disclosed.
  • There was a contractual tie giving the lender exclusivity over your finance, which was not made apparent to you.

What you could receive

The FCA has confirmed the average payout under the scheme is £829 per agreement. Individual outcomes vary depending on the size of your agreement, the commission charged, and how long the finance ran. If you financed more than one vehicle through Black Horse, each agreement can be assessed.

How it works

  1. 1

    Tell us your basics

    Enter your name and a few details. We do not need finance documents to start, our team will trace historic agreements on your behalf.

  2. 2

    We assess your agreements

    We check what we find against the FCA scheme criteria and tell you which agreements are likely in scope, including any you may have forgotten.

  3. 3

    We pursue the right route

    Where the scheme offers the best outcome, we run it for you. Where independent litigation could produce a better result, we say so honestly and explain why.

Ready to check your SEAT agreement with Black Horse?

Takes under 60 seconds. No documents needed. No win, no fee*.

Frequently asked questions

Did Black Horse use Discretionary Commission Arrangements on SEAT finance?
Black Horse is the UK's largest motor finance lender and operated Discretionary Commission Arrangements across a significant portion of its book before the FCA banned the practice in January 2021. If your SEAT finance agreement was arranged through Black Horse before that date, there is a real possibility a DCA was applied, meaning the dealer could have increased your interest rate to earn a higher commission without your knowledge.
Which SEAT models are covered?
Any SEAT agreement financed through Black Horse between 2007 and 2024 may be in scope, including models such as Ibiza, Leon, Ateca, Arona and Tarraco. Eligibility depends on the specific agreement, not the model.
Can I do this myself?
Yes. You can contact your lender directly to make a complaint, or refer your claim to the Financial Ombudsman Service (FOS) yourself for free. The FCA's Consumer Redress Scheme is also designed to be accessible without legal representation.
Will making a claim affect my credit score?
No. Making a claim will not affect your credit score. This is a separate process from your credit history.
Do I need to find old paperwork?
No documents are required to get started. We can trace your finance agreements using basic personal details.
What if my lender has been taken over or has exited the market?
This is common for agreements going back to 2007. If the original lender has been acquired, merged, rebranded, or has exited the market, the successor firm typically inherits liability for historic agreements. We handle this on your behalf.

Related information

Financed a car between 2007 and 2024?

Check your eligibility for the FCA's mandatory motor finance redress scheme. Takes under a minute. No documents needed.

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