323 Mazda Car Credit
Car Credit: Finance Lease is a tax efficient option where the customer has two options. Firstly, they can pay for the total cost of the vehicle, which includes interest charges over a certain period or secondly, they can pay lower monthly rentals with a final payment, which is based on the anticipated resale value of the vehicle.
The responsibility for selling the vehicle at the end of its contract term is that of the customers and so potentially there can be a profit depending upon the amount of finance sill remaining with the car credit company. Therefore, by selling the vehicle, it means that it does not need to be returned to the leasing company.
In terms of businesses, although the ownership of the vehicle remains with the leasing company for the duration of the contract, the car does appear on the company balance sheet with the capital element of the outstanding rentals acting as the subsequent liability. The rentals paid can be offset against taxable profits, although a proportion of the payments relating to the excess value of the vehicle over and above £12000 are disallowed. A typical finance lease will consist of a 12-60 month contract with no mileage restrictions, an initial low rental fee and include VAT on rentals.
Car Credit Assured is proud of its long established reputation for integrity, first class Customer Service and competitive pricing.
Vertu Motors plc (now trading as Bristol Street Motors) was formed in late 2006 to acquire and consolidate UK motor retail businesses. The Executive Directors are experienced within the sector, having held senior positions within Reg Vardy plc, the previously quoted motor retail group. On 27th March 2007 the Group acquired Bristol Street Motors.
Bristol Street Motors originated in the early 1900’s as a single Ford dealership located on Bristol Street in central Birmingham. Since those early days the business grew to become one of the largest dealer groups in the UK with a nationwide chain of franchised motor dealerships offering sales, service, parts, and bodyshop facilities for new and used car and commercial vehicles. Bristol Street Motors also operates the Motor Nation brand of used car hypermarkets and Car Credit Assured.
Vertu Motors plc has made subsequent acquisitions:
Bristol Street Motors is now the 10th largest motor retailer in the United Kingdom.
Car Credit Assured is proud of its long established reputation for integrity, first class Customer Service and competitive pricing.
Vertu Motors plc (now trading as Bristol Street Motors) was formed in late 2006 to acquire and consolidate UK motor retail businesses. The Executive Directors are experienced within the sector, having held senior positions within Reg Vardy plc, the previously quoted motor retail group. On 27th March 2007 the Group acquired Bristol Street Motors.
Bristol Street Motors originated in the early 1900’s as a single Ford dealership located on Bristol Street in central Birmingham. Since those early days the business grew to become one of the largest dealer groups in the UK with a nationwide chain of franchised motor dealerships offering sales, service, parts, and bodyshop facilities for new and used car and commercial vehicles. Bristol Street Motors also operates the Motor Nation brand of used car hypermarkets and Car Credit Assured.
Vertu Motors plc has made subsequent acquisitions:
- May 2007 acquisition of Blakes Holdings Limited operating Chesterfield Vauxhall, Chesterfield Peugeot and Worksop Peugeot. The dealerships are now branded Bristol Street Motors.
- June 2007 acquisition of Lincolnshire Honda operating Honda dealerships in Grantham, Boston, Retford and Lincoln.
- July 2007 purchase of Morpeth Ford in Northumberland.
Bristol Street Motors is now the 10th largest motor retailer in the United Kingdom.
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.