Clarification Regarding Motor Finance Claims and Our Commission Model

At Car Loans UK, we prioritise transparency and clarity in all aspects of our operations, including our commission model and its implications for our customers. Here, we aim to provide general information to address common concerns:

Commission Model: Car Loans UK operates with a commission model that ensures fairness and transparency in the financing process. While we do receive a commission from lenders for facilitating motor finance, our commission structure does not affect the Annual Percentage Rate (APR) offered to our clients in any manner. The interest rates on loans are fixed by our lending partners and are non-negotiable by our team.

Discretionary Commission: The term “discretionary commission” refers to a practice where brokers have the latitude to adjust the APR of a loan at their discretion, potentially leading to higher costs for consumers. This practice was banned by regulators prior to our inception as a broker. Hence, none of our lending panel have ever offered a discretionary commission model whilst we were partnered with them.

Our Commitment: We have and will always offer our customers with the lowest APR rate available from our lending partners. We will only provide a higher rate if circumstances dictate that there is vested interest and explicit permission given from the customer after a thorough explanatory comparison of the quotes. Our primary objective is to ensure transparency and fairness in our business practices, whilst giving customers the autonomy to make well-informed decisions.

Further Assistance: For further information or any additional questions, please feel free to contact our After Care Team at We are here to assist and ensure your satisfaction with our services

Rates from 10.9% APR. Representative APR 19.9%

Rates from 10.9% APR. Representative APR  19.9% Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 19.9%, the monthly payment would be £182.26, with a total cost of credit of £2,748.61 and a total amount payable of £8,748.61. 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

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.

Car Loans UK logo containing blue, black and white