Finance

Financing your vehicle

We are experts in offering car finance to customers across the UK. If you have had trouble getting a used car elsewhere then give us a call to see if we can help, we have flexible finance deals to suit all budgets.

We can introduce you to a limited number of finance providers.  We may receive a commission for the introduction.  We act as a credit broker and not a lender.  A full representative example is available on request.

Stanningley Commercials Ltd are authorised and regulated by the Financial Conduct Authority.  Firm Reference Number – 648927.

Credit Search Information

If you proceed with an order you would have already provided consent for a credit search to be completed as part of the credit application.

Though the Order form is not a ‘finance agreement’, this notice is to confirm that your details have been passed to one of our funder partners (finance company) and we are now at a point to proceed with your order. As such we need to ensure you are aware of the following and understand what takes place when you apply: 

To process your order following the credit application, the finance company will perform credit and identity checks on you with one or more credit reference agencies (“CRAs”). Please also be aware that the finance company may also make periodic searches at CRAs as part of managing your account.

To do this, your personal information will be passed to CRAs and they will give the finance company information about you. This will include information from your credit application and about your financial situation and financial history. The CRAs will also supply both public (including the electoral register) and shared credit, financial situation and financial history information and fraud prevention information.

The information is used to:

• Assess your creditworthiness and whether you can afford to take the product;
• Verify the accuracy of the data you have provided to us;
• Prevent criminal activity, fraud and money laundering;
• Manage your account(s);
• Trace and recover debts; and
• Ensure any offers provided to you are appropriate to your circumstances.

The finance company will continue to exchange information about you with CRAs while you have a relationship with them. The CRAs will also be informed about your settled accounts. If you borrow and do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs.

Please be aware that when CRAs receive a search from the finance company a search footprint will be placed on your credit file and this may be seen by other lenders.

The personal information we have collected from you will be shared with fraud prevention agencies who will use it to prevent fraud and money-laundering and to verify your identity. Please be aware that if fraud is detected, you could be refused certain services, finance, or employment. For further details of how your information will be used by the finance company or ‘Stanningley Commercials ltd Leasing’ please email  info@stancom.uk

The links below provide more information and detail regarding the identities of the CRAs, their role also as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with the CRAs.

• Callcredit www.callcredit.co.uk/crain
• Equifax www.equifax.co.uk/crain
• Experian www.experian.co.uk/crain

Initial disclosure document

The Financial Conduct Authority (FCA) is the national independent regulator of financial services. The FCA legally require us to provide you with an ‘Initial Disclosure Document’. This Document has a number of purposes, one of which is to ensure you are provided with essential information about us as a company, what we charge for our services, the products and services we offer and how we are regulated. It will also provide information on what you should do if you have a complaint and any details regarding the Financial Services Compensation Scheme.

Frequently asked questions

Who are we?

Stanningley Commercials LTD, a dealership acting as a credit broker in arranging finance for vehicle  transactions.

Our address is: 59 – 61 Bradford Road, Stanningley, West Yorkshire LS28 6AT.

01132573009

Registered in England

Company registration no. 2622738.

Appointed Representatives

As well as our Stanningley Head office and associated staff, Stanningley Commercials ltd partners with a number of credit brokers within the UK, these are independent businesses and separate legal entities that act exclusively on our behalf under our brand and are known as ‘Appointed Representatives’ (AR’s). Our AR’s operate under an AR agreement and undergo an application process for permission to operate as an AR that is submitted to and then approved by the *FCA. For more information regarding Appointed Representatives click here www.fca.org.uk/firms/appointed-representatives-principals

Our ‘AR’ partners use Stanningley Commercials ltd and adhere to Stanningley Commercials ltd processes, practices, values and standards. As a ‘Principal’ firm, Stanningley Commercials ltd is responsible for all of the *regulated activity that AR’s conduct on behalf of Stanningley Commercials ltd. Stanningley Commercials ltd is responsible for monitoring and regularly reviewing the performance of our AR partners.

*see below Who Regulates us?

The products we use

As an FCA regulated credit broker we are able to introduce you to a range of lenders who can help you finance your vehicle and provide any other products/services that you may require, including servicing packages and vehicle maintenance. We work with some of the UK’s most prominent and trusted finance providers in order to help secure you the best and most appropriate deal.

Our services

We will provide you with either comparable details of any firms most appropriate to your lending or purchasing needs or any other general information relating to finance products. In order to do this, we may seek personal information about your circumstances and objectives as this may be relevant in order to enable us to identify your exact needs and establish a line of credit. It is always important that you provide us with accurate and relevant information so that we can try and find a product or agreement that is most suitable to you.

Stanningley Commercials ltd are a broker and not a lender and work with multiple suppliers and/or funders – see Finance Options https://stancom.uk/finance for more information on the leasing process. If you would like more Information in regard to the disclosure of commission, please email info@stancom.uk 

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 648927. 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  (“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?

We are not independent financial advisers and so are unable to provide you with independent financial advice. We are, however, independent of the funders and brokers we work with.

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, may 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. 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. Special offers may also be available from time to time for a limited duration. These may be provided by one or more of our funders or brokers and we may receive different commission amounts for introductions made during the offer period. 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 circumstances and at the lowest interest rate available.

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 

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://stancom.uk/finance/ . 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  ZA172785.

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 writing to us at Complaints, Stanningley Commercials LTD, 59 – 61 Bradford Road, Stanningley, West Yorkshire LS28 6AT.

* by emailing info@stancom.uk ; or

* by telephoning 01132573009

If, after making a complaint to us you are still unhappy and feel the matter has not been resolved to your  satisfaction, please contact the Financial Ombudsman Service (“FOS” – www.financial-ombudsman.org.uk).  Please note that FOS may not be able to deal with complaints from business customers.

Further details about our complaints procedure and FOS are available on request and can be found on our  website at https://stancom.uk/

If you require further information, please contact us by telephoning the above number(s) or emailing us at  info@stancom.uk addressing your correspondence to [the Complaints Manager].

In the unlikely event that a complaint remains unresolved after 8 weeks from the date it was made, you may be able to refer it to the Financial Ombudsman Service (FOS), dependent upon the nature of your complaint. The FOS provides a mechanism for resolving disputes which is a simple, informal and accessible alternative to the courts. Their address is: The Financial Ombudsman Service (FOS), Exchange Tower. LONDON E14 9SR. Email: complaint.info@financial-ombudsman.org.uk. Tel: 0800 023 4567 (free), or 0300 123 9123 (costs no more than calls to 01 and 02 numbers).

Credit Search Information

If you proceed with an order you would have already provided consent for a credit search to be completed as part of the credit application.

The order form will include full details of all costs associated with the lease, initial payment, monthly rentals and details of our upfront costs.

For more information, please read our Credit Search Information section.