Vehicle Finance Status Disclosure for Logan Hamill Car Sales

Who are we?

Logan Hamill Car Sales is a dealership acting as a credit broker in arranging finance for vehicle transactions. Our registered office is:

45 Taylorstown Hill
Toomebridge
BT41 3RL

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 not a lender.

Our FCA Firm Reference Number is 656947.

For more information, please visit the FCA Register:
www.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 directly or through a specialist credit broker) to a number of finance companies ("funders") who may be able to finance your transaction. 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 and terms and conditions. We cannot guarantee that we will be able to secure finance for you.

Can we give you independent financial advice?

No.

You don't have to pay for our service. However, a funder or broker we work with will pay us for introducing you to them.

Different funders/brokers will pay us different amounts, but this will typically be based on a fixed percentage of the amount borrowed. This percentage 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 which is appropriate to your circumstances and at the lowest interest rate available.

Do you have to pay for our service?

You do not have to pay us for our service. However, a finance company we work with will pay us commission if your application is accepted and you decide to proceed.

Different finance companies will pay us different amounts of commission. Commission will be calculated as a percentage of the amount of credit you take.

The commission we receive will vary according to:

the amount of credit you take; or
the finance company's assessment of your credit risk.

The amount may change depending on the finance company's acceptance criteria or if the terms of the deal change between now and delivery of your vehicle (for example, if the amount of credit changes).

The final amount of commission will be confirmed to you before you are asked to sign the finance documentation.

Please note that we cannot change the interest rate you pay in order to receive either more or less commission from any particular finance company.

Whilst rates and commissions may vary between finance companies, our aim is always to secure finance appropriate to your circumstances.

If you feel you require impartial advice regarding your finance options, you should obtain this independently.

If we successfully obtain an offer of finance for you and you would like to know the amount (or likely amount) of commission we would receive and how it has been calculated, please contact us using the details below.

How will we use your information?

We will use your information to obtain quotes from funders and brokers and to process finance applications.

We and/or they may conduct searches of your records held with one or more credit reference agencies. Credit checks may therefore appear on your credit file from organisations with whom you have not dealt directly.

Your personal information will also be shared with fraud prevention agencies who will use it to:

prevent fraud;
prevent money laundering; and
verify your identity.

If fraud is detected you could be refused certain services, finance or employment.

Further details of how your information is used by us, funders and fraud prevention agencies, together with your data rights, can be found in our Privacy Policy:

https://www.loganhamillcarsales.co.uk/privacy-policy.html

A full data protection notice/privacy policy will be provided before we submit any finance application on your behalf.

We are registered as a data controller with the Information Commissioner's Office under registration number ZA389920.

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 post:
Complaints
Logan Hamill Car Sales
45 Taylorstown Hill
Toomebridge
County Antrim
BT41 3RL

By email:
logan.hamillni@btconnect.com

By telephone:
028 7965 0205

If, after making a complaint to us, you remain unhappy and feel the matter has not been resolved to your satisfaction, you may contact the Financial Ombudsman Service (FOS):

www.financial-ombudsman.org.uk

Please note that the FOS may not be able to deal with complaints from business customers.

Further details of our complaints procedure and the FOS are available on request.

If you require further information, please contact us using the telephone number, email address or postal address above.

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