Commission Disclosure
Mercury Vehicle Solutions Ltd T/a Carleasing-online are authorised and regulated by the Financial Conduct Authority (FCA). We are a credit broker and not a lender.
As an FCA regulated broker, we are required to provide, upon request from our customers, details in relation to the commissions and/or incentives earned by our firm in completing your transaction for any of our products or services.
As part of our Treating Customers Fairly policy, we are happy to disclosure details of any financial considerations gained by the firm in completing your transaction with us.
It should be noted that we are primarily a FEE BASED organisation. This means we will directly charge you, the customer, a fee for our services and administration work. These are clearly highlighted in our Initial Disclosure Document and our Information Notice.
We may be paid a commission by the finance provider on commencement of the agreement.
This commission may directly affect the amount you pay monthly (rental).
The commission we receive will vary and is controlled by the lenders commission arrangements.
At Carleasing-online, we feel it is important to be open and transparent with our customers and we are obliged to disclose the existence of commission because:
- It could act as an undue incentive to recommend a particular product.
- It may affect our independence and potentially give rise to a conflict of interest when offering suitable products to customers.
- Knowing about the commission may have a material impact on a customer’s decision.
- It may impact the amount a customer will pay as we have a variety of commission schemes, both fixed and variable.
Commissions/incentives and other financial considerations may only be applicable if:
- Funders and/or manufacturers directly offer to cover customer fee’s (whether entirely or part thereof) to promote a specific offer(s) or promotion(s). In these cases, the financial consideration received from that particular funder/manufacturer, will represent our commission/financial consideration.
- Funder and/or manufacturers directly offer to us incentives and/or volume related bonuses for selling their products and services.
In either of these instances, you are entitled to request details of the commissions/incentives/considerations received by Carleasing-online.com in relation to your transaction.
This request can be made by directly emailing: admin@carleasing-online.co.uk
We will endeavour to respond to all requests within 5 working days.