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Finance

FINANCE

 Whether you have good credit or have experienced some financial difficulties, we can help. We have partnered up with the best names in the industry in order to offer our customers the best available deals, this enables us to offer the best competitive finance rates to all our customers.

Gone are the days you needed to polish your shoes and nip down to your bank for a meeting with the bank manager, there’s  no need to fill out lots of forms and then wait days for your loan to be approved.  We can often have a decision in less than a few minutes and once approved you could be driving away in under an hour.

You will find our finance packages are competitive, transparent, flexible and quick. We have a quick and easy application which won’t involve lengthy meetings with your bank manager. Once you’ve chosen your new car, our salesperson will take a few details to send to our underwriting teams. If your loan application is approved you can then pay the deposit and arrange a convenient time to collect your new car. We’ll sort the rest. Your agreement is also set at a fixed rate, so you know exactly how much money is coming out of your account every month. This means you can spread the cost of your car and manage your budget over the course of the agreement.

 

                     Commission Disclosure Statement

 Introduction
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 commission, fees or other remuneration payable, in good time before a credit agreement or consumer hire agreement is executed.

How Richardsons Car Sales complies with FCA rules:
Richardsons Car Sales confirm the existence of commission 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 commission payable, which promotes transparency with our customers.
We do this to ensure that our customer’s decision to purchase one of our products or services is fully informed. From a customer’s perspective, amount of commission payable to any credit broker may materially influence the customer’s decision to enter into the credit agreement, or not. In addition to this, we provide commission disclosures before customers enter into any credit agreement, so that our customers can rest assured that the product or service recommended to them is not based on the financial payment the Broker stands to gain out of the agreement.

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 commission payable within our business. We will 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 commission payable, too.
You can submit a request for a Commission Disclosure at any time, and we will aim to respond to your request within 14 days.