LCV Finance & Leasing

Information Notice

We are LCV Finance & Leasing Limited trading as LCV Leasing. LCV Finance & Leasing Limited is a company registered in England no 11872908 whose registered office and trading address is at Unit 3, Apsley Business Centre, 233 London Road, Hemel Hempstead, Hertfordshire, HP3 9SE.

We are a Franchisee of the Bridle Group which is a trading division of Hanborough Enterprises Limited to whom we introduce our business under our Franchise Agreement. We are an Appointed Representative of Hanborough Enterprises Limited who is authorised and regulated for consumer credit activities and insurance distribution by the Financial Conduct Authority. Our Firm Reference Number is 839021. Hanborough Enterprises Limited’s Firm Reference Number is 631448. You can check this information at www.fca.org.uk

We are registered with the Information Commissioners Office for the processing of data under The Data Protection (Charges and Information) Regulations 2018. Our Data Protection registration number is ZA772546. You can check this information at www.ico.org.uk

We are a member of the British Vehicle Rental and Leasing Association and abide by their Code of Conduct. For further information visit www.bvrla.co.uk

Our Services

We’re a vehicle finance broker who is authorised and regulated by the Financial Conduct Authority. We’re not a funder or a lender. We don’t provide independent financial advice but offer the service of providing information about the various finance products which are available to you to fund your vehicle from our carefully selected panel of funders. We’ll source the vehicle on your behalf which will be the subject of your finance agreement from our preferred selection of main dealers. We’ll also advise you of ancillary products which may be of interest to you from our other suppliers, including insurance to protect any potential shortfall in the event that your vehicle is declared a total loss, cover for minor repairs, alloy wheel refurbishment and loss of keys, and for business users, various fleet management tools.

We are a credit broker of vehicle finance.  We are not a funder or lender.

Commission

We’re required by the Financial Conduct Authority to let you know about the existence of commission, which is our main source of income and enables us to run our business and provide our services to you. If you decide to use our services and enter into an agreement with a funder and/or with one of our ancillary product providers, we will receive a commission for introducing you to them. We may also receive a commission from the main dealers that we use to supply vehicles. You may have the right to ask us the amount of commission that we will receive from your transaction. For further details please see the Commission Disclosure Policy on our website

Our Charges

We make a charge to you for the service that we provide:

New Orders

We will charge an administration fee of £234.00 including vat (£195.00 plus vat) for our Brokering Services when you place an order.

Order Cancellation

We will charge a cancellation fee of £600.00 including vat (£500.00 plus vat). This covers the work that we have undertaken from the point of your initial enquiry. If you are a regulated customer, you have the right to cancel your order with us within 14 days from the date of order without penalty in accordance with the Consumer Contracts Regulations. A cancellation received after 14 days will result in a cancellation fee. Please note that the supplying dealer of the vehicle may also levy a cancellation charge and we will notify you of this within 2 working days of your cancellation.

Reschedules

We will charge an administration fee of £114.00 including vat (£95.00 plus vat) to cover our administration costs when we arrange a reschedule of your agreement. Please note that certain rules apply as to when a reschedule may take place and not all funders will reschedule an agreement. Please speak to us if this may be important to you.

Extensions

We will charge an administration fee of £114.00 including vat (£95.00 plus vat) to cover our administration costs when arranging the extension of your agreement.

Invoices in respect of our fees are issued on our behalf by our Franchisor and are payable within 7 days. Payment may be made either online using a debit card or by direct bank transfer.

Please speak to us if you are unsure of the contents of this Information Notice.

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