Commission Disclosure
Commission Disclosure
The Financial Conduct Authority expects any intermediary to disclose to the customer that a commission may be payable by the owner or creditor to the intermediary, and, if the customer asks, the amount of that commission. The Financial Conduct Authority has made it clear that "commission" means any financial consideration.
As a Financial Conduct Authority regulated credit broker, DCMD Ltd T/A Vehiclesavers will introduce you to finance providers who may be able to help you finance your vehicle and/or provide other products/services, such as vehicle maintenance, Asset Protection Insurance, and servicing packages.
We will only offer products from a carefully selected panel of finance providers. We will not refer you outside of this panel without your consent. You can ask us for a list of the suppliers who provide our products. All the products we offer are optional.
We will always feature headline offers available from our panel of finance providers that represent the best value based on terms and mileage. The selected finance providers will be made known to you at the point of quotation on request.
DCMD Limited T/A Vehiclesavers are paid a commission by the funder/lender once the vehicle is delivered, and your contact is live. This commission may be pre-set or fixed by the funder/lender and varies across our panel of funding partners. This will effect the amount payable by you in both your initial rental and monthly rental We will disclose the amount of commission to you prior to any credit searches taking place.
We will provide a full Commission Disclosure detailing all avenues and amounts at quotation and order stage. After credit acceptance has been received and prior to your commitment to sale. This will be included int the T&C of your order confirmation for you to review and provide consent before your order can be finalised.
If you would like more information regarding the disclosure of commissions, please e-mail:
donna@vehiclesavers.com or by telephone: 01480 437 982
