Initial Disclosure
Frequently Asked Questions
Who are we?
Dani Motors Ltd, a dealership acting as a credit broker in arranging finance for vehicle transactions.
Our registered address is 15-17 Upper George Street, Connaught House, Luton, LU1 3UD. Registered in England. Company Registration No. 07945885.
Are we authorised to arrange finance for you?
Yes, we are authorised and regulated for credit-broking activities by the Financial Conduct Authority (“FCAâ€). We are 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 a number of finance companies (“fundersâ€) who may be able to finance your transaction. We work with the following lenders, Santander Consumer Finance, Mann Island Finance, Blue Motor Finance, Oodle Finance, Car Finance 247 and Finset. 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. If at any time you require more information, please do not hesitate to contact us. We cannot guarantee that we will be able to secure finance for you. There may be alternative products available in the market for you that we are unable to offer, so we do recommend you carrying out your own research.
It is extremely important that you look into finance options that are suitable for your current (and potential future) financial situation. We will go over all your details to ensure we have the correct information to pass onto our partners, who will then try to verify the information. However, please note that evidence of your income may be requested. If you are aware or suspect that your financial position will change in the future, you must inform us or the finance partner directly. Your credit rating could be adversely affected if you do not make payments when due. If you would like further support or guidance around your finances, https://www.moneyhelper.org.uk/en provides free assistance that could help support 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?
You don't have to pay us for our service. But a funder or broker we work with will pay us for introducing you to them. Different funders/brokers may pay us different amounts but it will typically be based on a fixed percentage of the amount borrowed or a fixed fee. Our commission may vary according to different factors, for example: the amount of credit; the age or type of vehicle; the type of finance product; or the funder's assessment of the risk of lending. For your reassurance, we are not able to change the interest rate you pay in order to receive more commission from a particular broker or funder. Although rates and commissions may vary between our finance partners, our aim is always to secure finance from them which is appropriate to your circumstance and the commission we receive does not impact the finance acceptances offered to you. If we are successful in obtaining an offer of finance for you and you would like to know the amount (or likely amount) we would receive if you decided to go ahead with the agreement and how that amount has been calculated, please contact us using the details above. Please note full information will be provided to you prior to you completing your finance agreement.
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.
Further details of how your information will be used by us, funders and these fraud prevention agencies, and your data rights can be found here https://www.danimotors.co.uk/privacy-policy.php. A full data protection notice/privacy policy will be provided to you before we submit any application for finance on your behalf.
We are registered as a data controller with the Information Commissioner's Office under registration number ZA212490.
What can you do if you wish to complain about our services or contact us?
- By writing to us at Complaints, Dani Motors Ltd, 14 South Road, Luton, LU1 3UD
- By emailing [email protected]
- By telephoning 01582 206681
Please see our full complaints procedure here - Complaint Procedure
If you require further information, please contact us by telephoning the above number(s) or emailing us at [email protected] addressing your correspondence Dani Motors Ltd.
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