Players Cars Leasing – FCA & Commission Disclosure
Financial Conduct Authority
The Financial Conduct Authority requires intermediaries to disclose to customers that a commission will be payable by the owner or creditor to the intermediary, and, if the customer asks, the amount of that commission. The FCA defines “commission” as any financial consideration.
When you order a vehicle, you will enter into a lease agreement with one of our partner finance providers or lenders. Our arrangement fee is for our services and not for arranging the finance agreement.
The commission we receive from the finance provider or lender is pre-set but can vary and will impact the amount payable by you.
Where you are looking to finance your vehicle purchase, or hire your vehicle, we have commercial arrangements with a panel of lenders that we can introduce you to. In doing this, we are legally acting as a “credit broker.”
We only offer products from this carefully selected panel of finance providers. Lenders we work with pay us commission. This commission will be fixed or variable and will impact the monthly amount you will pay.
We will disclose the commission we receive from the finance company to you prior to the order of the vehicle. This will be before we propose you to the finance provider. Should the original quote change in any way (such as term or mileage allowance), a new quote and commission disclosure document will be provided. We will ask you to sign each commission disclosure to confirm your informed consent to us receiving this remuneration.
We will always work to secure the right finance arrangement for you; however, you should not assume we are providing advice or making recommendations.
About Players Cars Leasing’s Services
1. Whose products do we offer?
Players Cars Leasing offers products and services from a range of Leasing Companies, UK Vehicle Dealerships and Product Providers with whom we have commercial agreements. We are a Commission-Based Organisation, which means that we receive payments for business introductions. We will receive financial remuneration which can be variable or pre-set, depending on the product and the volume we place with that organisation. The amounts we receive will vary and will impact the amount you pay.
2. Which service will we provide for you?
You will not receive advice or a recommendation from us. We provide product information to enable you to make your own informed choice about how to proceed.
3. Who regulates us?
Players Cars Ltd, trading as Players Cars Leasing, is authorised and regulated by the Financial Conduct Authority.
4. What to do if you have a complaint
If you wish to make a complaint, please contact Players Cars Leasing in writing at our registered office address:
Players Cars Ltd, 110 Gelderd Rd Leeds LS12 6BY
Or by email: lease@playerscars.com
We will be happy to respond promptly. Alternatively, you can call us on 0113 531 0130.
If we cannot resolve your complaint to your satisfaction, you may be entitled to refer the matter to the Financial Ombudsman Service or the BVRLA Conciliation Service.