Initial Disclosure Document

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What is an Initial Disclosure document?

The Financial Conduct Authority (FCA) is the independent regulator of financial services. The FCA require us to provide you with a document called an ‘Initial Disclosure Document’. This document provides information about us, the products we offer, the services we will provide, what we charge for our services, who regulates us and what to do if you have a complaint.

Who regulates us?

Car U Dream Ltd t/a Your Vehicle Finance, is authorised and regulated by the Financial Conduct Authority FRN 821382. You can check this on the FCA’s website www.FCA.gov.uk/register or by contacting the FCA on 0300 500 8082.

Consumer duty and Treating customers fairly

Your Vehicle Finance is fully committed to treating customers fairly and delivering good outcomes for all customers as a natural result of our commitment to the core values that underpin our culture.

We are dedicated to acting in our customer’s best interests, providing fair and transparent services, car finance options that meet your individual circumstances and providing continued and ongoing support.

If you have any questions, or concerns, or require further information, please do not hesitate to contact us.

Which service will we provide you with?

We offer a non-advised service, meaning we cannot give you advice or a recommendation on products. But in assessing your application we will ask you for information to enable us to identify your needs and present a selection of products relevant to your requirements. You will then need to make your own choice about how to proceed. You will receive the pre-contract credit information which will detail the Terms & Conditions of the product you have chosen and advise you about any other fees and interest relating to the product. Please note that all our telephone calls are recorded for training and monitoring purposes.

What products do we offer?

Your Vehicle Limited is a credit broker and not a lender. We offer a limited number of finance products from a selected panel of lenders. These products can be viewed in more detail by accessing the following link on our website: https://yourvehiclefinance.com/finance-products alternatively you can request a copy to be sent by email or post.  We would advise you to view these to ensure you are satisfied that the product you have chosen meets your requirements.

What will you have to pay us for our services?

We do not charge a fee for the introduction to the finance provider.

Commission Disclosure

For regulated agreements we will receive a commission payment from the finance provider if you decide to enter into an agreement with them; the nature of this commission is either a fixed fee or a percentage of the amount you borrow.

All the lenders that we work with pay commissions at different rates, however, the commission received does not affect the amount you will pay under your finance agreement. Our aim is to secure finance for you at the lowest interest rate available from our panel of lenders. The amount of commission can be made available to you upon request over the phone and/or in writing.

Suitability and Affordability

We aim to support and tailor our service appropriately to those customers who may be particularly vulnerable due to their current circumstances or recent life events. If you have a disability, physical or mental health condition, feel vulnerable due to a change in personal circumstances, or just need extra support please let us know and we will do our best to help you. You should make sure you have sufficient time and support to assess the information given to you and ensure the funding option offered is suitable for you and meets your requirements. If you are unsure, please don’t hesitate to ask us for further explanations, help and support.

It is important that you only enter into an agreement if you can comfortably afford the repayments. You should assess the monthly payments you are required to make throughout the term of the agreement and ensure you can meet these and other current obligations without suffering undue hardship. If you are aware of any changes in your life or your household circumstances, that may affect your ability to maintain your loan repayments, please make us aware. Your credit rating could be adversely affected if you do not make payments when due which could make it harder or more expensive for you to access finance facilities in the future.

Data protection

We take data protection and your privacy seriously. By providing us with your personal information, you consent to us processing your data in accordance with applicable data protection laws and regulations. We will only share your information with credit brokers for the purpose of facilitating car finance options. For more information on how we handle your data, please refer to our Privacy Policy, available on our website or upon request.

What to do if you have a complaint

The first step is for us to understand your complaint; you can contact us by

Post: 

Complaints Department, 

Your Vehicle Finance, 

Grove View Cottage

Ashow

Kenilworth

CV8 2LE

E-mail: 

info@yourvehiclefinance.com.

Please provide your name and daytime contact number where we can contact you between the hours of 9am - 5pm Monday to Friday.

We will promptly acknowledge your complaint in writing, investigate your complaint and endeavour to send you a final response within 8 weeks of receipt of the complaint. If we are unable to provide you with a final response within this time, we will send you an update. If you are not happy with our response, and you are an eligible complainant, you can escalate your complaint to the Financial Ombudsman, you must do so within six months of the date of the final response letter. You can contact them:

By phone: 0800 023 4567

By post: 

The Financial Ombudsman Service, 

Exchange Tower, 

London, 

E14 9SR.

By Email: 

complaint.info@financial-ombudsman.org.uk.

For further information on our complaint-handling process please visit www.yourvehiclefinance.com/complaints.

Address:

If you need to contact us our address is: 

Your Vehicle Finance,

Grove View Cottage

Ashow

Kenilworth

CV8 2LE.

Last updated 23/09/2024