Vehicle Finance Status Disclosure
Frequently asked questions
Who were are?
R&W Cars, a dealership acting as a credit broker in arranging finance for vehicle transactions.
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 782312. 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 for 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 advisors and so are unable to provide you with independent financial advice.
Do you have to pay for our service?
No, you make no payment to us
But a funder or broker we work with may pay us for introducing you to them. Different funders/brokers may pay us different amounts. (We will tell you how much we will be paid if you ask. NB Whilst this is an optional statement at the moment, it is likely to become mandatory, along with further remuneration details, so will need to be kept under review.)