Vehicle Finance Status Disclosure for Dani Motors Ltd

FREQUENTLY ASKED QUESTIONS

Who are we?

Dani Motors Ltd a vehicle dealership acting as a credit broker in arranging finance for vehicle transactions.

Our registered office address is: 15-17 Upper George Street, Connaught House, Luton, LU1 3UD

Are we authorised to arrange finance for you?

Yes, we are authorised and regulated for credit-broking activities by the Financial Conduct Authority (FCA). We are a broker, not a lender. Our FCA Firm Reference Number is 679746. For more information, please visit the FCA website at: https://register.fca.org.uk/. Please note that business customers may not be protected under the Consumer Credit Act 1974 or FCA rules.

What can we do to help finance your vehicle?

We can introduce you (whether direct or through a specialist credit broker) to several finance companies (funders) who may be able to finance your transaction. We work with the following funders, Mann Island Finance, Santander, Oodle Finance, Blue Motor Finance. There are other funders to which we cannot introduce you which may also be able to offer you finance.

We will provide you with information and explanations about the finance products that may be available to you and, where we recommend a product to you, we will ensure that this is based on the information you give us about your needs and circumstances so that it is suitable for you. Finance is arranged subject to status of individual/company and terms and conditions. We cannot guarantee that we will be able to secure finance for you.

Can we give independent financial advice?

We are not independent financial advisers and so are unable to provide you with independent financial advice.

Do you have to pay for our service, or do we receive any commission?

Finance is organised subject to status of the individual/company and terms and conditions. We cannot give any guarantees that we will be able to arrange finance for you. We are not independent financial advisers, so we are unable to provide you with independent financial advice. You do not need to pay us for our services but a funder or broker that we liaise, and work with may pay for us for introducing you to them. Different funders/brokers may pay us different amounts of commission, but it will be based on a fixed percentage of the amount borrowed. This percentage may vary for several factors such as: the type of finance product taken out, the type of vehicle and the funders assessment of the risk of lending. For your reassurance, we are not able to change the interest rate you pay to receive more commission from a particular broker or lender.

How will we use your information?

We will use your information to obtain quotes from funders and brokers to process finance applications through them and we and/or they may also conduct a search of your record held with one or more credit reference agencies. Credit checks may as a result appear on your credit file lodged by organisations with whom you have not dealt directly. The personal information collected will also be shared with fraud prevention agencies who will use it to prevent fraud and money laundering and to verify your identity. If fraud is detected you could be refused certain services, finance, or employment.

What can you do if you wish to complain about our services or contact us?

If you wish to make a complaint, please contact us:

by writing to us at Complaints, Dani Motors, 14 South Road, Luton, LU1 3UD

by emailing [email protected]

by telephoning 01582 206681

If, after making a complaint to us you are still unhappy and feel the matter has not been resolved to your satisfaction, please contact the Financial Ombudsman Service (“FOS” - www.financial-ombudsman.org.uk). Please note that FOS may not be able to deal with complaints from business customers.

[Further details about our complaints procedure and FOS are available on request and can be found on our website at www.motorscoalville.co.uk]

If you require further information, please contact us by telephoning the above number(s) or emailing us at [email protected].