The Financial Conduct Authority (FCA) is the independent regulator of financial services. The FCA requires us to provide you with an Initial Disclosure Document to help you decide if our services are right for you. This document provides information about Car Lease 4 U Limited, the products we offer, the services we will provide, what we charge for our services, who regulates us, what to do if you have a complaint, and details about the Financial Services Compensation Scheme.
About Car Lease 4 U
Car Lease 4 U Limited is authorised and regulated by the Financial Conduct Authority (FCA). Car Lease 4 U Limited is a credit broker and not a lender. We are permitted by the FCA to carry out credit broking.
Our registered address is 43 Elmvale ,Culmore, BT488SE . Our Financial Conduct Authority Firm Reference Number is 672336. You can verify our status on the Financial Services Register by visiting the FCA website at www.fca.org.uk or by contacting the contact centre on 0800 111 6768.
The credit broking services we provide
We will provide you with either comparable details of firms most appropriate to your funding requirements or general information relating to finance products. To assist us in assessing your needs, we may seek relevant information about your personal circumstances and objectives to enable us to identify the best possible solutions applicable to you.
The charge for our credit broking services
Car Lease 4 U Limited charge a fee for our credit broking services.
Processing Fee – We charge a processing fee of £299 including VAT (£249.50 excluding VAT) for our services. The processing fee is the broker fee charged by Car Lease 4 U for our service and represents the costs incurred for arranging the sale, ordering the vehicle, arranging the finance, and organising delivery of the vehicle. This processing fee is payable by debit or credit card or by BACs payment and is taken once finance approval has been received, along with all relevant paperwork signed by you instructing us to place an order on your behalf.
Transaction Fee – For certain agreements, we may also charge a transaction fee for our service. The transaction fee represents the fee taken by Car Lease 4 U Limited for the arrangement of the agreement. The transaction fee is payable by debit or credit card or by BACs payment and is taken once finance approval has been received, along with all relevant paperwork signed by yourself instructing us to place an order on your behalf.
Additional Charges – In certain cases, we may apply an administration fee of £18 including VAT (£15 excluding VAT) for additional services, such as generating parking permits, congestion, ULEZ, clean-air zone and/or toll or dart documents. This fee represents the expenses incurred for additional administrative work and record-keeping. This fee is payable by debit or credit card or by BACs payment and is taken before we produce the necessary paperwork.
Confidentiality and data protection
As part of the process of obtaining finance and non-investment insurance products for your vehicle, we will need to pass your details on to one or more of our finance/insurance providers. A list of these partners is available upon request, together with their FCA firm reference numbers. Any organisation approached to arrange credit will need to undertake credit searches with a credit reference agency, which could affect your credit rating. All our calls are recorded for training and monitoring purposes.
The regulator
Car Lease 4 U is authorised and regulated by the Financial Conduct Authority. Our registered address is 43 Elmvale ,Culmore, BT488SE. Our Firm Reference Number is 672336. You can check this on the Financial Services Register by visiting the FCA’s website at www.fca.org.uk or by contacting the contact centre on 0800 111 6768.