Initial Disclosure

The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. Use this information to decide if our services are right for you.

Whose products do we offer?

Car Sales NI are regulated by the Financial Conduct Authority (FCA) with a reference number 738335, for consumer credit purposes.

We act as a credit broker, not as a lender, for the introduction to a limited number of finance providers only for;

Hire Purchase, Personal Contract Purchase (PCP). We work with a panel of lenders who may be able to assist you.

We act as their agent for this introduction and not as your agent. We are not an independent financial advisor; we will provide details of products available. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation.

You are under no obligation to make use of any finance product arranged by Car Sales NI ltd. Other providers may offer similar products that may or may not meet your needs.

Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs for;

We will review suitable finance products for you after we have assessed your needs for;

Hire Purchase, Personal Contract Purchase (PCP), Contract Hire.

You are not obliged to agree with our recommendations or to make any purchase of a finance product. You may obtain free, unbiased guidance from the Money Advice Service at www.moneyadviceservice.org.uk or Your Impartial Guide to Car Finance at www.financingyourcar.org.uk.

What will you have to pay us for this service?

You will make no payments to us for the introduction to our panel of lenders, typically we may receive a commission from the lender if you decide to enter into an agreement with them. You may ask us for details of such payments.

Commission Arrangements (% of Balance Financed Commission Model)

The Dealer will be paid a commission for introducing you to the lender. This will be a percentage of the amount that you borrow. This means the more you borrow the more the Dealer is paid. The commission will be the same no matter the interest rate that you pay. If you ask the Dealer, they will tell you (in good time before the agreement is made) the amount of any commission they will earn from the lender.

Who regulates us?

Car Sales NI Ltd are directly authorised & regulated by the Financial Conduct Authority (FCA) with a reference number 738335, for consumer credit purposes.

What to do if you have a complaint

If you wish to register a complaint, please contact us;

... In writing - Complaints, Car Sales NI Ltd, 24 Beltany Road, Omagh, BT78 5NA

... by phone - 02868 632335

... by e-mail - [email protected]

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

The Data Protection Act

Car Sales NI Ltd is also governed by the Data Protection Act (2018). This ensured any information you give us is managed in a secure and confidential manner. This information may be passed to other groups or affiliated members including those company(s) detailed in Section 2 above. Without this information Car Sales NI Ltd is unable to process your order or enquiry. Under the Data Protection Act you may apply to have this information restricted or removed at any time by telling Car Sales NI Ltd via phone on 02868 632335 or in writing to Car Sales NI Ltd, 24 Beltany Road, Omagh, BT78 5NA.