Motorlet Limited Commission Disclosure
Company Registration Number: 10231513
FCA Registration Number: 752729
Registered Office: Upton House, 4 Baldock Street, Royston, Hertfordshire, SG8 5AY
Phone: 0333 202 6668
Email: [email protected]
Website: www.motorlet.co.uk
1. Introduction
At Motorlet Limited, we are committed to transparency and ensuring that our customers have clear information regarding any commissions we may receive from finance providers. This document outlines the nature, purpose, and structure of these commissions and any impact they may have on your finance agreement.
2. What is a Commission?
A commission is a payment made by a finance provider to Motorlet Limited for introducing and arranging finance agreements on behalf of our customers. This payment helps cover the costs of our services, including the time and resources we invest in assessing your needs, arranging finance options, and providing ongoing support.
3. Purpose of Commission Disclosure
As a regulated entity, we are required by the Financial Conduct Authority (FCA) to disclose any commission arrangements and ensure that you understand how they work. This disclosure enables you to make an informed decision about entering into a finance agreement through us.
4. Types of Commissions We May Receive
We may receive different types of commissions from our finance providers, including:
Fixed Commission: A standard payment amount agreed upon with the finance provider, which is consistent regardless of the specific terms of the finance agreement.
Variable Commission: A commission amount that may vary based on factors such as the amount financed, the length of the finance term, or the specific product type.
Volume-Based Commission: Additional commission payments we may receive based on achieving specific business volumes with a particular finance provider.
These commissions may increase the cost of your agreement or affect your monthly payments.
5. How Commissions Are Calculated
The amount of commission Motorlet Limited receives may depend on several factors:
Finance Provider: Different providers may offer varying commission structures.
Type of Finance Agreement: Commissions may vary depending on whether it is a personal or business lease, the length of the lease, or any other specific conditions.
Volume or Performance Targets: Some providers may offer additional commissions based on the volume of agreements completed over a certain period.
You have the right to request specific details about how the commission is calculated in your case and any factors influencing the amount.
6. Impact of Commissions on Your Agreement
Motorlet Limited is committed to providing impartial guidance based on your needs. Any commission received does not affect the total cost of your finance agreement or the payments required under the contract. We carefully select our panel of finance providers based on competitive rates, quality of service, and ability to meet our customers' needs, regardless of the commission offered.
7. Your Right to Disclosure
We are dedicated to transparency and will provide you with details of any commission or remuneration we receive upon your request. This includes:
The amount of commission we will receive from the finance provider related to your finance agreement
An explanation of how the commission amount is calculated (if applicable)
To request this information, please contact us at:
Email: [email protected]
Phone: 0333 202 6668
8. Complaints and Further Information
If you have any questions or concerns regarding our commission structure, or if you wish to make a complaint, please get in touch with us using the contact details above. Should we be unable to resolve your complaint, you may refer the matter to the Financial Ombudsman Service or the British Vehicle Rental and Leasing Association (BVRLA).
Customer Stories
We've helped over 1,000+ customers find their dream car, hear what they have to say.
Read more reviews“As usual, top class service. The team at Motorlet provided first class service from beginning to end with the friendly helpful expertise of Josh and Wendy. Will continue to use their services as I have done for the past six years...” Keep reading
Diane Parish | Audi Q5

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