Big Motoring World: An Overview

Big Motoring World, a trading name of Bapchild Motoring World (Kent) Limited, is a used car dealership in the UK known for its omnichannel approach, combining online and physical car sales. They offer various services, including:

• Used car sales with a large selection of vehicles.
• Car finance options through a network of lenders.
• Part exchange for trading in your old car.
• Car care services.

Big Motoring World’s Financial Landscape

Publicly available financial information on Big Motoring World is limited. They are a private company, and their financials are not readily accessible. However, we can glean some insights from their website and other sources.

Key Points:

• Revenue Model: Big Motoring World likely generates revenue from several sources:
  • Car sales: The primary source, with profits depending on the difference between buying and selling prices.
  • Finance commissions: They might earn commissions from lenders for arranging car finance for customers.
  • Administration fees: They charge administration fees depending on the customer’s circumstances (repeat customer, using their own finance broker, etc.).
  • Other services: Potential income from car care services or add-on products like warranties.
• Financing: While not explicitly stated, Big Motoring World likely doesn’t provide financing itself. They act as a credit broker, connecting customers with lenders and potentially receiving commissions for successful introductions.
• Financial Performance: There is no publicly available information on Big Motoring World’s profitability, total revenue, or debt.

Resources for Further Research:

• Big Motoring World Website: https://www.bigmotoringworld.co.uk/
  • Their website provides information about their services, including car finance options.
  • The “Get Finance on Used Cars” section clarifies their role as a credit broker: https://www.bigmotoringworld.co.uk/finance/
• PitchBook: https://pitchbook.com/profiles/company/103929-31
  • This business information platform might offer limited financial data on Big Motoring World with a paid subscription.
• UK Companies House: https://www.gov.uk/government/organisations/companies-house
  • As a registered company in England and Wales, Big Motoring World might file financial statements with Companies House. However, access might require a fee.

Important Considerations

• Limited Financial Transparency: The lack of public financial information makes it difficult to assess Big Motoring World’s overall financial health.
• Focus on Customer Service: While financial details are limited, their website emphasizes customer service aspects like budget calculators and a 90-day warranty.

Financing a Car Through Big Motoring World

Big Motoring World offers car finance options through a network of lenders. Here’s what to consider:

• Interest Rates: Interest rates will vary depending on your creditworthiness and the specific loan terms.
• Loan Types: They might offer different loan types like Hire Purchase (HP) and Personal Contract Purchase (PCP). Understanding the differences is crucial before committing.
• Comparison Shopping: Don’t rely solely on Big Motoring World’s finance options. Compare rates and terms from other lenders to get the best deal.

Remember

Financing a car is a significant financial decision. Carefully research Big Motoring World, understand the loan terms, and compare offers before finalizing your purchase.