Broker Service Fee Notice

Car Loans UK, authorised and regulated by the Financial Conduct Authority (FCA) under the registration number 928674, operates as a licensed broker specialising in vehicle finance. We facilitate finance options through a carefully selected panel of lenders, acting as a broker and not a lender.

We pride ourselves on offering our customers a transparent and straightforward service. It’s important to note that there is no fee for introducing you to a finance provider. However, a Broker Service Fee becomes applicable when we undertake the task of sourcing a vehicle on your behalf. This fee, which we will disclose during the initial illustration stage and before any commitment is made, covers the cost of sourcing the vehicle through our vast dealer network, producing and processing paperwork and arranging preparation.

The £500 fee is only applicable if you sign documentation with little intention of collecting the vehicle. If we can verify that you have attended site to collect, the fee becomes void.

Your right to cancel the finance agreement we arranged is protected under the Consumer Contracts (Information/Cancellation, and Additional Charges) Regulations. You may cancel your order without any penalty within 14 days from the placement date of your order, which we will acknowledge through email or on our website. It is important to note that this 14-day window applies only to the finance agreement, and not to the purchase of the vehicle or the broker service agreement.

If you have any questions or need further clarification regarding this notice or any aspect of our services, please don’t hesitate to contact us directly. At Car Loans UK, we are committed to providing you with exceptional service and support throughout your vehicle financing journey.

Rates from 10.9% APR. Representative APR 22.45%

Rates from 10.9% APR. Representative APR 22.45 % Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 22.45%, the monthly payment would be £183.94, with a total cost of credit of £2,829.31 and a total amount payable of £8829.31. Car Loans UK is a broker not a lender. This is an example only, all finance subject to status. Lender fees may apply.

The Latest From Car Loans UK

Hp car finance

What Is Hire Purchase Car Finance?

Hire Purchase (HP) car finance is one of the most common forms of car finance. It allows you to buy a vehicle and pay for it over an agreed period, usually on a monthly basis. Once the last payment has been made, you will own the car outright.

Read More »

Dreams On Driveways

Car Loans UK © 2024 All rights reserved

Car Loans UK is a trading style of BMG FG (UK) LTD, a company registered in England and Wales. (Company number: 12382512, Registered Address: 4th Floor, Kingsgate, Wellington Road North, Stockport, Cheshire, SK4 1LW. We act as a credit broker and not a lender and are authorised and regulated by the Financial Conduct Authority for consumer credit FCA no.928674. Car Loans UK can introduce customers to a limited number of finance providers based on overall credit profile and we receive a commission for such introductions, this will not impact the rate you are provided. We do not charge a fee to the customer for arranging the finance. This is a fixed payment or percentage, but can vary by lender. Further information is available on request. Written quotations on request. All finance subject to terms and status Data Protection Registration No.ZA766848.