In these cases, commission levels vary based on the levels of work required to be undertaken by us and the motor retailer. We may also be paid, and pay the motor retailer, higher commission depending on the type and age of vehicle or based on the finance product you are provided with. In both cases, we will pass a proportion of the commission paid to us to the motor retailer that introduced you to us.
The amount of commission we receive and pay, and your credit profile, will impact the amounts you pay under your credit agreement. We will always introduce you to the most suitable finance lender offering you the most appropriate finance product for your needs, and at the best interest rate possible (which is determined by the finance lender) based on the commission we are paid and by your credit profile. We may also be paid a fixed rate of commission, calculated as a percentage of the amount of finance. When you are introduced to us by a motor retailer, we may be paid a flat fee, regardless of the interest rate you pay, finance product, length of agreement, or amount of finance. The commission arrangements we have in place vary, depending on how you are introduced to us and with which lender we are able to place you with. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). We do not charge you a fee for our services. You must decide whether the finance product is right for you.
We are not an independent financial advisor we will provide details of products available, but no advice or recommendation will be made. We can introduce you to a limited number of lenders and their finance products.
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