This Information relates to the activities undertaken by Carparison Limited trading as Carparison at www.carparisonleasing.co.uk, Vanparison at www.vanparisonleasing.co.uk and Corparison at www.corparison.co.uk.
We encourage you to review these details in full in order to help decide if our vehicle brokering services are right for you.
About our financial services
Financial Conduct Authority
The Financial Conduct Authority (FCA) is the independent watchdog that regulates our financial services.
Treating Customers Fairly
Our business is committed to treating our customers fairly and ensuring our products and services are suitable for their needs. Treating Customers Fairly is a core part of our culture and philosophy and you can review our commitment to it by viewing our linked policy statement.
What products do we offer?
Vanparison acts as a credit broker not a lender and can introduce you to a limited number of lenders.
Alternative funding methods and providers are available, and we encourage you to seek additional quotations for comparison.
We receive a commission and/or referral fee if you request information about or place an order for a product or service we introduce to you.
As part of your finance agreement, we are obligated to disclose the applicable commission amount and structure. Details are provided in the commission disclosure below.
To proceed with your order, you will need to sign an acknowledgment and consent to our receipt of this commission.
Please note that finance is subject to status and underwriting criteria.
What will you have to pay for this service?
You will be required to pay us a one-off processing fee of £298.80 (including VAT) that we charge all customers once they have been accepted on finance and have submitted an order.
All charges that you will pay, including your initial and monthly payments, will be clearly shown on your order form and the finance agreement supplied by the lender.
Cancellation and amendment charges also apply as per our cancellation policy.
Commission Disclosure
- Finance commission
We receive finance commission from the funder for introducing their products to you.
The commission amount is already included in the financial figures provided online, in your quotations, and on your order form. As a result, it affects the total amount you pay over the duration of your finance agreement.
Depending on the funder and whether your agreement is regulated or unregulated, the commission may be fixed, capped, uncapped, or a set percentage of the finance total. Details of the commission structure will be provided where applicable.
As with other financial details, commission values may change until your order is finalised. The final commission will be based on the terms you select, the chosen funder, the secured rate, and the vehicle information available at the time.
The confirmed commission amount will appear on your order form. This is the earliest point all relevant details are finalised and cannot be changed.
Please note that commission amounts may vary at different stages of your journey with us. These variations are not based on individuals but reflect the specific deal you choose.
If you opt to include funder maintenance with your lease, an additional fixed commission may apply, which will be included in the total commission disclosed to you.
- Funder support
In certain circumstances, we may receive an additional fee from the funder.
This fee is typically a fixed amount per sale, but in some cases, it may increase based on the total volume of business we introduce to the funder within predefined timeframes.
Funder support may or may not be included in the financial figures presented to you. When included, it will impact the total amount you pay over the duration of your finance agreement.
Where applicable, funder support is always reflected in the commission value and detailed in the structure information provided on your quote and order forms. This is the case whether or not it directly influences the amount you pay over the term of your agreement.
In situations where the support involves variable elements tied to future events, such as total annual sales volume, the best available projections are used. However, the actual figure may ultimately differ, either higher or lower.
Please note, this information is for your reference only. Any retrospective adjustments to funder support will not affect the financial figures quoted to you or the terms of your finance agreement.
- Extensions
We may receive a further set fee if you choose to extend your current contract.
The scale of this fee, and whether it applies at all, depends on the applicable funder and the format of your chosen extension.
- Additional income
Additional income may apply in the form of a fee from the supplying dealership, manufacturer or subsidiary supplier. This fee may or may not impact the financials presented to you, but will always be standardised based on set factors or KPIs and never variable per individual purchase.
In instances where we’ve bought vehicle stock and resold it to the funder, the resale price may be greater than the price we paid to secure the units.
We detail more about how we make our money and why on our website.
Understanding our products and documents
You should carefully consider the amount of time you need to review the information and documentation with which you have been presented, and ensure you understand your commitments under the agreement.
You should also consider if it is advisable for you to have someone you know to help you make your decision. This is particularly important if you have any health issues, difficulty in understanding information, if English is not your primary language, or if there have been any recent life events that could affect your ability to fully understand the information and documentation. Please advise us if this is the case and we can then proceed with your requirements in the most appropriate way.
Affordability
You should assess the monthly payments you are required to make throughout the agreement and ensure you are able to meet these and other obligations you already have without suffering undue hardship.
If you are aware of any future events that will affect your ability to meet these payments, you should ensure the finance provider is informed immediately.
Your credit rating could be adversely affected if you do not make payments, which could make it harder or more expensive for you to access finance facilities in the future.
Who regulates us?
Carparison Limited trading as Vanparison at www.vanparisonleasing.co.uk is an Appointed Representative of Product Partnerships Limited which is authorised and regulated by the Financial Conduct Authority; registration number 626349. Product Partnerships address is Second Floor, Atlas House, 31 King Street, Leeds LS1 2HL and their permitted business is to act as a Principal for a network of firms who carry out consumer credit activities.
You can check this information on the FCA register by visiting www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.
What to do if you have a complaint
If you would like to know how we handle complaints, please see our complaints policy.
If you wish to register a complaint, please contact our regulators:
- in writing: Product Partnerships Limited, Second Floor, Atlas House, 31 King Street, Leeds LS1 2HL
- by phone: 01274 921234
- by email: [email protected]
If you cannot resolve a complaint with us, you may be entitled to refer it to the Financial Ombudsman Service whose contact details are set out below:
- in writing: The Financial Ombudsman Service, Exchange Tower, London E14 9SR
- by telephone: 0800 0234567
- by email: [email protected]
- website: www.financial-ombudsman.org.uk
Confidentiality and data protection
Throughout the process of administering services for you we will need to collect personal information from you and pass this information to one or more third party organisation in order for them to supply any services you request.
This will include passing this information to one or more potential lenders to enable them to make a credit decision and in the event that your initial application is declined. The supplying dealership will also require your details to enable vehicle preparation and delivery.
This may include sharing your information for fraud prevention, in the pursuit of public safety, or if requested by other legal entities.
For full details of where your information will be sent, and the purpose for doing so, or to cancel your consent for the processing of your personal data, please contact us.
These partners will not use your personal information to provide you with promotional or marketing material, unless you opt-in to receive this material directly with them.
Our privacy policy details how your information will be processed and your rights.
Finance providers and products offered
Vehicle leasing
Restrictions/potential extra costs
You will have to select an annual mileage limit for your lease vehicle. If you exceed this, you will pay excess mileage charges at the end of the contract.
If the vehicle is damaged beyond what is considered fair wear and tear for its age and total mileage, you will be charged for these repairs when you hand the vehicle back.
If you want to terminate the agreement early, fees are likely to apply (usually equating to half all outstanding payments). You should take care in matching the term of the agreement to your expected requirements.
Road Fund Licence (RFL) is quoted for the duration of the lease term at the prevailing rate. Changes to the RFL owed on the listed vehicle during the lease term, whether anticipated or not at the time of quote or order, are not included and may result in additional charges.
Unless specified, the maintenance and servicing costs of the vehicle will be your responsibility. In the case of a pre-registered vehicle, as detailed on your quote and order documentation, servicing schedules will run from the disclosed registration date.
It is your responsibility to ensure comprehensive insurance is in place before you take delivery of your vehicle and throughout your finance agreement.
Payment and equity
Leasing enables you to use and not purchase the vehicle. You will be required to hand the vehicle back at the end of your agreement. There is no ownership option.
You are not funding the full value of the vehicle so you will not have any equity in the vehicle when the agreement ends.
Payments may be lower than some other forms of finance over the same period because you are not financing or paying interest on the full vehicle value.
Finance Providers
The finance providers we predominantly work with are:
- ARVAL
- Lex Autolease
- ALD
- Novuna
- Alphabet Finance
- Santander
- Manufacturer Finance
- Leasys
- Mobilize
- Drivalia
- Volkswagen Financial Services
- Hyundai Capital UK