Formula 1 is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. It is the highest class of open-wheeled auto racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body. The "Formula" in the name refers to a set of rules to which all participants and cars must conform, whereas the “1” refers to the grade of track on which all races are conducted. Beginning with the 1950 British Grand Prix, Formula 1 has been entertaining millions with its sporting, financial and political battles for over seven decades.
As of the end of the 2022 season, 772 drivers representing 41 different nationalities have competed at least once for 171 Formula 1 teams. There have been 113 different race winners and 106 polesitters in 1,079 FIA World Championship races over the last 72 years. Thirty-four drivers from fifteen nations have earned a total of 73 Drivers’ Championship titles, whilst fifteen teams from five countries have won the Constructors’ Championship in its 63 seasons.
Amalgam Collection’s association with Formula 1 is tied into its existence as a model car manufacturer, after our founder Sandy Copeman approached the Jordan Grand Prix and Williams Formula 1 teams to build models on their behalf. Ferrari came on board in 1998 and Amalgam has since developed strong and lasting relationships with the most important manufacturers and teams across the world of car manufacturing, motorsport and design. With the precious data from these partners, using skills developed over decades of experience, we honour their history and their DNA, delivering with passion and taste the authentic spirit of each car.
A PAYMENT AUTHORISATION FOR THE OUTSTANDING AMOUNT OF YOUR PURCHASE WILL BE HELD DURING THE FULL PLAN PERIOD as security. This hold will be charged ONLY in the event a monthly payment is declined (the authorisation hold might appear as "Pending" on your credit card bill).
You must maintain a sufficient "Required Available Credit" amount on your credit card for both the full outstanding amount of your purchase and the monthly payment during the full period of the plan.
Your credit card issuer may charge you interest on amounts charged to your credit card unless you pay Your credit card balance in full each month.
In case we do not manage to reauthorize the remaining amount of the transaction, you will receive a notice email. In that case, you will have to promptly update your credit card details. In case your bank still refuses to reauthorize the outstanding amount, we will have to charge the full outstanding amount of the transaction at once from your credit card.
Splitit offers you a flexible way of paying for items in instalments, completely interest-free, by reserving the available line of credit on your credit card. Then, each month, according to your payment plan, Splitit collects the instalment amount and reissues the authorisation request for the remaining balance.
It is important to note that payments are still charged on your existing credit card. Splitit simply provides you the method to do this and information about the instalments. Here is an example of how the service works for a customer buying a £2,000 model in 4 instalments of £500 each:
Splitit obtains authorisation from the credit card company for the full purchase amount of £2,000. This is not a charge on the card; it is simply reserving £2,000 from the customer’s line of credit.
- The credit card company then charges the customer £500 for the first payment.
- During the second month, Splitit requests authorisation for the outstanding purchase amount of £1,500, and charges the customer the second installment of £500.
- This authorisation and charge process continues until the full £2,000 is collected - in this case, for 4 months.
No, this is an interest-free payment method with no additional fixed fees, service fees, interest or hidden fees of any kind.
No, your item will be processed after the first initial instalment and delivered as normal upon passing our Quality Control check at Head Office.
- You can pay using Splitit with a valid Mastercard or Visa
Nothing, no credit check is required if you use a Splitit instalment plan and there is no impact on your credit score. All the bank sees is the individual instalment charges each month. If one of your payment authorisations is declined, there is still no affect on your credit rating; it is simply a declined charge. The denial would simply accelerate payment of the remaining balance (unless you provide a different card which was not denied).
You can pay using Splitit with a Mastercard or Visa. Debit cards, American Express and pre-paid cards are not accepted.
The instalments appear on your statement as individual charge items with the name of 'Amalgam Collection'. These payments will appear monthly according to your instalment plan, with the same charge amount each time.
