6 Mazda 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.

Although we will make every effort to ensure we can supply your new/used car loan we do not provide a 100% guarantee. This is because most car credit and banking institutions will need to perform a credit check to assess your current credit history. Each bank or financial institution provides the loan based upon their own criteria’s including rates of interest.

Please understand that while you are applying for guaranteed car loan, certain companies will supply guaranteed car loans based on certain terms and conditions including the mode of re-payment, monthly instalments and charges for early settlement of the auto loan.

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.