If you are considering a pcp car finance agreement, you may be wondering how much it costs. There are several ways you can purchase a pcp agreement, including purchasing a new car through a pcp agreement, taking out a revolving pcp agreement, and part-exchanging your current car for a new one. Read on to find out more! Cost of pcp car finance If you are looking for cheap car finance, PCP may be ...
Authorised and regulated by the Financial Conduct Authority
FCA authorisation is required for car finance companies. It gives firms the right to provide credit to consumers and monitors their sales practices. Firms with full FCA authorisation must meet all the FCA’s consumer credit rules and must pay higher annual authorisation fees. They must also meet more stringent Approved Person requirements. If you’re considering applying for car finance, it’s worth looking into FCA authorisation.
FCA registration is the best way to ensure the company you’re dealing with is legitimate. The FCA register lists firms with and without FCA authorisation. It allows consumers to check whether a firm is legitimate or not by entering its reference number or postcode. The FCA’s role is to protect the integrity of the UK’s financial system. The FCA aims to prevent financial fraud and to empower consumers.
Car finance broker
Many people wonder: what is a car finance broker? These professionals represent you when applying for a car loan. The advantage of working with a car finance broker is that they have access to a broader range of products and interest rates than most consumers can. Unlike consumers, car finance brokers are able to negotiate better rates on behalf of their clients. To get the best deal, a car finance broker works with multiple lenders to ensure the best loan possible for you.
A car finance broker has access to a large network of lenders and banks, so they can search on your behalf for the best deals. The broker will then present you with the different options available for your particular situation. These professionals handle all the paperwork on your behalf, while also acting as an intermediary between you and the lender. While you can easily locate a loan on your own, a broker is a better choice if your credit score is poor.