Car Credit: Contract Hire is where a car is hired for a specific period of time, with a fixed rental paid based upon on the anticipated mileage. Basically, the higher the mileage accrued, the higher the rental fee will be charged. Contracts can be for the car hire only or include full maintenance. When the contract comes to an end, the vehicle is returned to the car credit company.
In terms of business use, contract hired vehicles can be offset against taxable profits and the VAT reclaimed - depending on the vehicle type and what it is used for. Therefore, contract hire is a popular option for companies who are Vat registered. A typical contract hire rental will consist of a 12-60 month contract, which will include mileage restrictions, an initial low rental fee and road tax.
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.