UK Car Finance is a car finance broker and helps you to find the most suitable finance deal from our lending panel. We may earn a commission from these lenders for the introduction to you. We do not charge you a fee for using our services. The lender pays us a commission for introducing and arranging your finance agreement. The commission we are paid does not impact the amount you pay for car finance.
How we earn commission:
We are a car finance broker and help to find the best deal for customers from a wide and varied lending panel. We have commercial arrangements in place with a number of UK lenders for arranging loans to UK customers. We have different commission arrangements in place with each of these lenders. The income that we earn may be a fixed fee or a fixed percentage of the amount borrowed. The commission we are paid does not impact the amount you pay.
How we’re paid:
We are paid a commission from the lender for the introduction to you and for them arranging your finance agreement. This payment is part of our commercial arrangement with the lender and may vary based on the terms of the finance agreement. For arranging your finance agreement, different lenders pay different amounts for making the introduction.
How the commission is calculated:
The commission is a one-off payment based on the amount you borrow. Depending on which lender you are introduced to, the income we earn may be a fixed fee or a fixed percentage of the amount borrowed. The commission is subject to a maximum limit. Your finance agreement will be based on several factors which include your credit score, the vehicle, and the deposit amount.
Before entering into a financial agreement with one of our lenders, you will be supplied with the exact amount of commission we will be paid by your chosen lender.
Our relationship with our lenders:
We don’t charge you a thing:
We do not charge you a fee for using our services. The lender pays us a commission for introducing and arranging your finance agreement. The commission we are paid does not impact the amount you pay for car finance.
We do not provide you with independent financial advice. We can’t give you an impartial recommendation on finance because we’re paid a commission by the lender. You should consider all your options before entering into this finance agreement and a wider range of products and rates may be available elsewhere.