Hyundai Car Credit
Car Credit: Personal Contract Purchase (PCP) is used by businesses as a viable alternative to regular funding methods, a PCP allows the driver to own the vehicle while benefiting from tax efficiencies. The vehicle is financed through a credit sale agreement between the driver and the car credit company. The drivers’ employer pays the driver a monthly allowance, which relates to the employee level and their choice of car. Taking this allowance together with the personal tax savings, as well as utilising Inland Revenue approved business mileage allowances, provides the driver with a net monthly budget.
The driver can trade up or down from their current company car level. The employer can benefit from a reduction in the gross cost of providing drivers with a vehicle. However this is strongly influenced by the make up of the fleet and in particular the number of business miles conducted by a driver. As the foundation for Employee Car Ownership (ECO) schemes is a direct contract between the leasing company and the driver, there are no corporate accounting regulations to follow.
If you have bad credit or have been refused credit, Car Credit Assured are here to help you secure a car loan for you. Do you have CCJ’s, arrears or defaults? Don’t worry!
At Car Credit Assured we have a large panel of bad credit finance lenders to suit all of our customers’ needs. Car Credit Assured will search for the best deal on the market for you to ensure you drive away in the right car with the best rate for your circumstances.
Been refused elsewhere? Don't worry! At Car Credit Assured we believe in helping you repair your credit history, ensuring the right car and car finance package for you.
If you have bad credit or have been refused credit, Car Credit Assured are here to help you secure a car loan for you. Do you have CCJ’s, arrears or defaults? Don’t worry!
At Car Credit Assured we have a large panel of bad credit finance lenders to suit all of our customers’ needs. Car Credit Assured will search for the best deal on the market for you to ensure you drive away in the right car with the best rate for your circumstances.
Been refused elsewhere? Don't worry! At Car Credit Assured we believe in helping you repair your credit history, ensuring the right car and car finance package for you.
Car Credit Assured is authorised and regulated by the financial services authority. Applicants must be over 18 years of age. Credit is subject to status and income. Written details are available on request. Credit only available on cars supplied by Bristol Street Group Ltd and its subsidiary companies. Typical finance example; cash price £5,499, deposit £499, amount of credit £5,000, total charge for credit £2,799, total amount payable £8,298, payable by 59 monthly payments of £125, followed by one monthly payment (inc application fee) of £424.