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About our Finance and Insurance Services

Finance Commission Disclosure

Booths Of Ditton Limited 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 Booths Of Ditton Limited 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 PSA Finance UK. 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 PSA Finance UK, 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 be 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 PSA Finance UK 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.

Automotive Compliance

  1. 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.

  1. Whose products do we offer?

We only offer products from a single insurer for;

GAP - GardX

Booths of Ditton Ltd is appointed to act as the agent of the insurers and not as your agent, when offering or recommending the above products and where we collect any premium or handle premium refunds, we do so as the agent of the insurer

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

Hire Purchase, Personal Contract Purchase (PCP), Personal Contract Hire, Lease Purchase & Contract Hire

Our panel of Lenders, who may be able to finance your purchase are;

PSA Finance UK - None / None

We also have access to many other lenders through Mann Island Finance Ltd - None / None

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 financial product arranged by Booths of Ditton Ltd. Other providers may offer similar products that may or may not meet your needs.

  1. 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), Personal Contract Hire, Lease Purchase & Contract Hire

You are not obliged to agree with our recommendations or to make any purchase of a finance or insurance 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.

  1. What will you have to pay us for this service?

We arrange the policy with the insurer on your behalf. You do not pay us a fee for doing this. We may receive a revenue from the sale of the product, which is based on the margin between the selling price, nett of Insurance Premium tax, and the cost price to us.

You will make no payment 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.

Flat £s Fee Commission Model

The Dealer will be paid a commission for introducing you to the lender. This will be a flat fee amount. This means the commission will be the same no matter how much you borrow or 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 commission they will earn from the lender.

  1. Who regulates us?

Booths of Ditton Ltd is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltd’s FCA Register number is 497010. Automotive Compliance Ltd’s permitted business is to act as Principal for a network of motor dealer Appointed Representative’s who sell and arrange non-investment insurance contracts, acting as agents on behalf of the insurers.

You can check this on the Financial Services Register by visiting the FCA's website https://register.fca.org.uk/ or by contacting the FCA on 0300 500 8082.

Booths of Ditton Ltd is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltd’s FCA Reference number is 497010. Automotive Compliance Ltd’s permitted business is to act as Principal for a network of motor dealer Appointed Representative’s who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender.

You can check this on the Financial Services Register by visiting the FCA's website https://register.fca.org.uk/ or by contacting the FCA on 0300 500 8082.

  1. What to do if you have a complaint

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

  • In writing Automotive Compliance Ltd, The Factory, 44 Alfred Street, Gloucester, GL1 4DD.
  • by phone Telephone 01452 671560
  • by e-mail complaints@automotive-compliance.co.uk

If we cannot resolve your complaint within 8 weeks, you may refer your dispute to the Financial Ombudsman Service. This service is free to use. Their consumer helpline is available on 0800 023 4567 or 0300 123 9123 or you can visit their website at www.financial-ombudsman.org.uk

  1. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. this depends on the type of business and the circumstances of the claim.

Insurance advising and arranging is covered for 90% of the claim, without any upper limit.

for compulsory classes of insurance, insurance advising and arranging is covered for 100% of the claim, without any upper limit.

Further information about the compensation scheme arrangements is available from the FSCS. Please note - finance products are not covered by this scheme.

  1. The Data Protection Act

Booths of Ditton Ltd is also governed by the Data Protection Act (2018). This ensures 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 Booths of Ditton 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 Booths of Ditton Ltd via phone on 01514 242207 or in writing to Booths of Ditton Ltd, 172 Hale Road, Widnes, Cheshire, WA8 8SZ.

 

General Terms and Conditions

Please note you will not own the vehicle outright until all payments are made.

If you default on your finance payments, then the vehicle may be repossessed by the finance provider.

You must be 18 years or older to apply for finance.

Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances.

If you require any further information please do not hesitate to contact us.

The finance provider will have their own Terms and Conditions, please contact them directly for further information.

Complaints:

By post: Automotive Compliance Ltd, The Factory, 44 Alfred Street, Gloucester, GL1 4DD By Telephone: 01452671560 e-mail: complaints@automotive-compliance.co.uk

In line with DISP 2.7, please, can you ensure the information for eligible complainants, and the contact information for the Financial Ombudsmen Service information is available for customers to review.

If we cannot resolve your complaint within 8 weeks, you may refer your dispute to the Financial Ombudsman Service. This service is free to use. Their consumer helpline is available on 0800 023 4567 or 0300 123 9123 or you can visit their website at www.financial-ombudsman.org.uk

 

 

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