Howard Garages (Weston) Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated
by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s
permissions as a Principal Firm allows Howard Garages (Weston) Ltd to act as a credit
broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.
We can introduce you to a selected panel of lenders, which includes manufacturer
lenders linked directly to the franchises that we represent. An introduction to
a lender does not amount to independent financial advice and we act as their agent
for this introduction. Our approach is to introduce you first to the manufacturer
lender linked directly to the particular franchise you are purchasing your vehicle
from, who are usually able to offer the best available package for you, taking into
account both interest rates and other contributions. If they are unable to make
you an offer of finance, we then seek to introduce you to whichever of the other
lenders on our panel is able to make the next best offer of finance for you. Our
aim is to secure the best deal you are eligible for from our panel of lenders. Lenders
may pay a fixed commission to us for introducing you to them, calculated by reference
to the vehicle model or amount you borrow. Different lenders may pay different commissions
for such introductions, and manufacturer lenders linked directly to the franchises
that we represent may also provide preferential rates to us for the funding of our
vehicle stock and also provide financial support for our training and marketing.
But any such amounts they and other lenders pay us will not affect the amounts you
pay under your finance agreement, all of which are set by the lender concerned.
If you ask us what the amount of commission is, we will tell you in good time before
the Finance agreement is executed. All finance applications are subject to status,
terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.