Information Notice

Regulations

We are a credit broker of vehicle finance, we are not a funder or a lender.

We are licensed as a credit brokerage under the Consumer Credit Act 1974 by the Financial Conduct Authority. Our number is 690140.

Payment and Fees

You may have to pay us a Documentation Fee (£195 + VAT) for our services and we may receive payment(s) from the lender if you decide to enter into an agreement with us.

The Documentation Fee will be taken once your finance has been approved, you can pay this via Bank Transfer, Cheque or Card payment.

Cancellation Fee

All Vehicle Contracts Ltd and/or any third party in relation to any agreement reserve the right to levy a cancellation fee that will be 10% of the On the Road Price of the vehicle. In the event of any cancellation whereby a vehicle has been purchased or an irrevocable order has been placed by All Vehicle Contracts Limited in accordance with your instructions, All Vehicle Contracts Ltd reserve the right to pass on any consequential losses, including storage costs and Re-marketing costs which shall be limited to £50.00 (Fifty Pounds) per day

Commission Disclosure Statement

In line with Policy Statement PS20/8, and the ban on discretionary commission models effective from 28 January 2021, The Financial Conduct Authority states that if a credit broker (definition of which extends vehicle dealers and motor finance) receives a commission based on the products or services they sell, then the FCA sets an expectation on any intermediary to disclose the existence of commissions, fees or other remuneration payable, in good time before a credit agreement or consumer hire agreement is executed.

How All Vehicle Contracts Ltd complies with the FCA rules:

What do we disclose and how can you request it? You can contact us by: Email: [email protected] Phone: 01902 353393 Sign and Return Signed Date Print Please respond to this 'Information Notice' confirming that you understand and acknowledge the above and that you are happy to proceed. Any delays in receiving confirmation may impact on the rates quoted. All Vehicle Contracts Ltd confirm the existence of commissions payable within our business. We receive commission, fees and financial remuneration for the Services and Products we provide and sell. We disclose the existence of commission, and upon request, the amount of any commissions payable, which promotes transparency with our customers.

What do we disclose and how can you request it?

We are required to disclose, in good time before a credit agreement is made, the existence of commissions payable within our business. We also disclose to you the commission model that our business relies on so you may confirm it is not discretionary. When you request it, we will disclose the amount of commissions payable, too.

You can submit a request for a Commission Disclosure at any time, and we will aim to respond to your request within 7 days.

You can contact us by:

Email: [email protected]

Phone: 01902 353393

Address:

All Vehicle Contracts Ltd,

Westgrove House,

Ettingshall Road,

Wolverhampton,

WV2 2LH.