Corsa Vauxhall 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.
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.