Commission Disclosure
Commission Disclosure
Commission Disclosure
Commission Disclosure Document
Financial Conduct Authority Disclosure
The Financial Conduct Authority (FCA) requires intermediaries to inform customers that a commission may be payable by the owner or creditor to the intermediary. If requested, the intermediary must also disclose the amount of that commission. The FCA defines "commission" as any financial consideration received by the intermediary.
Requesting Commission Disclosure
When you order a vehicle, you will enter into a lease agreement with one of our partner finance providers/lenders. Our arrangement fee is for our services and not for arranging the finance agreement.
The commission we receive from the finance provider/lender maybe pre-set but can vary and will impact the amount payable by you.
We will disclose the commission we receive from the finance company to you prior to the order of the vehicle. This will be at the point we provide you with an official quote. Should the original quote change in any way, such as change of term or mileage allowance, a new quote will be provided, and this will also show the new commission amount. We will ask you to sign each commission disclosure to indicate your informed consent to us receiving this remuneration.
About Remora Vehicle Leasing’s Services
Whose products do we offer?
Remora Vehicle Leasing provides access to products and services from various leasing companies, funders, and UK vehicle dealerships with whom we have commercial agreements. As a commission-based organization, we receive payment for business introductions, which may vary depending on the product and the volume of business we place with these partners. The amounts that we receive will vary and will impact on the amount you will pay.
Which service will we provide for you?
We do not offer advice or recommendations. Instead, we provide product information to help you make your own decision on how to proceed.
Who regulates us?
Remora Vehicle Leasing is an Appointed Representative of Wessex Fleet Ltd which is Authorised and Regulated by the Financial Conduct Authority, firm number 671619.
Remora Vehicle Leasing is authorised and regulated by the Financial Conduct Authority (FCA). We act as a credit broker, not a lender.
FCA Licence Number: 1017893
Complaints
If you wish to make a complaint, please visit our Complaints Procedure page for details on how to contact us.