Car Credit: Contract Purchase is the perfect option for those people wanting to purchase a vehicle without having to worry about the risk of depreciation. A fixed monthly payment for an agreed period of time is put in place, which is based upon your anticipated mileage.
In terms of vehicle maintenance, this can sometimes be included as an additional option. Once the contract comes to an end, a predetermined final payment is paid to purchase the vehicle or, the other option being to return it to the car credit company. A typical contract purchase will consist of a 12-60 month contract, which will include mileage restrictions, road tax and breakdown cover and also the option to purchase the vehicle once the contract comes to an end. Vat would be payable only on the service elements of the contract.
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.
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.