Commission Disclosure.
We are a car finance broker and help you to find the most suitable finance deal from our lending panel. We may earn a commission from these lenders for the introduction to you. We do not charge you a fee for using our services. The lender pays a commission to us for the introduction and arranging of your finance agreement. The commission we are paid does not have an impact on the amount you pay for car finance.
Do we get paid a commission from lenders?
We are a car finance broker and help to find the best deal for customers from a wide and varied lending panel. We have commercial arrangements in place with a number of UK lenders for arranging loans to UK customers. We have different commission arrangements in place with each of these lenders. The income that we earn may be a fixed fee or a fixed percentage of the amount borrowed. The commission we are paid does not have an impact on the amount you pay.
How are we paid a commission?
We are paid a commission from the lender for the introduction to you and for them arranging your finance agreement. This payment is part of our commercial arrangement with the lender and may vary based on the terms of the finance agreement. For arranging your finance agreement, different lenders pay different amounts for making the introduction.
How is the commission calculated?
The commission is a one-off payment based on the amount you borrow. Depending on which lender you are introduced to, the income we earn may be a fixed fee or a fixed percentage of the amount borrowed. The commission is subject to a maximum limit.
Your finance agreement will be based on several factors which include your credit score, the vehicle, and the deposit amount. Before entering into a financial agreement with us, you will be supplied with the exact amount of commission we will be paid by your chosen lender.
What is your relationship with a lender?
We work with a limited selection of lenders when arranging finance. As a broker, we may also have other commercial arrangements with a lender which do not influence the terms of your finance agreement.