Motor Dealers

If you want to able to introduce your customers to a lender who can offer finance to fund the purchase of a vehicle which you will be selling to them, you will need to be authorised by the FCA. This includes promoting personal contract purchase plans and hire purchase plans.  This is a FCA regulated activity and if you promote credit to your customers without obtaining FCA authorisation, you could face criminal convictions and a fine as well.

Similarly, if you handle customer data, you will need to be registered with the Information Commissioner's Office and adhere to the data protection requirements. This includes having a privacy policy and appropriate data retention standards.

 Our Services 

We work with a range of motor dealers across the UK and support them with their compliance and data protection needs. This includes motor dealers who want to become FCA authorised as well as those dealers who are already FCA authorised and require support with compliance and/or data protection matters. 

In particular we offer the following services:

• FCA Authorisation – we can prepare your FCA application for you and create the necessary compliance documents required for the application.

• FCA Reporting – we can complete your FCA returns for you.

• Customer Literature Sign Off – we can review your customer literature and adverts to ensure they are clear, fair and not misleading. 

• Compliance Documentation – We can provide you with the relevant policies and procedures required to run your business in a compliant manner such as Vulnerable Customers Staff Procedures, Consumer Duty documentation etc. 

•  Compliance training, we can deliver online and in person compliance training. 

• Compliance and Data Protection Advice - we can provide you with advice on compliance matters such as commission disclosure, consumer duty, regulatory reporting, complaints handling etc.  We can also advice your on how to meet the data protection requirements.

Why us?

We are a niche firm of compliance consultants, with a dedicated focus on the motor finance sector.  

We know what the FCA and Information Commissioner’s Office expect and we can help you to resolve your compliance and data protection queries.

We do not believe that compliance needs to be complicated or complex. We have a common sense and a jargon free approach. 

We do not have a one size fits all approach. Our solutions are tailored to the size and scale of your business to ensure they work in the real world.  

Useful links:

Motor Dealers: FCA Authorisation Guide