Commission Disclosure

Finance Commission Disclosure Document

At The Manchester Motor Company (TMMC), we are committed to transparency and compliance with the latest UK regulations regarding motor finance. This document outlines important information about our role in arranging finance, commissions, and your rights as a customer.

1. Who We Are

The Manchester Motor Company (TMMC) is acting as a credit broker and not a lender. We are authorised and regulated by the Financial Conduct Authority (FCA), firm reference number 918126. We can introduce you to a limited number of lenders while providing details of finance products available. We aim to offer finance products suited to your circumstances but are not tied to any single lender.

2. Commission Disclosure

We will not charge you a fee for introducing you to a lender; however, we will typically receive a commission from the lender.

Commission Structure:

• We may receive either a fixed fee or a percentage of the amount you borrow.
• commission amount can vary between lenders.

Impact on Your Finance Agreement:

• The commission we receive does not influence the interest rate or terms of the finance agreement offered to you.

If you have questions about our commission or how it is calculated, please speak to us directly.

3. Transparency and Customer Rights

In line with the Financial Conduct Authority's Consumer Duty guidelines, we ensure:

• You are informed that we receive commission when arranging finance.
• You have the right to request additional information about our commissions.
• The commission does not affect the suitability of finance products offered to you.

Our Panel of Lenders

We work with a carefully selected panel of lenders to offer competitive finance options. While we strive to provide products that meet your needs, other finance options may be available to you independently.

Complaints and Further Information

If you have concerns or would like further information about commission, please contact us:

If we cannot resolve your complaint, you may contact the Financial Ombudsman Service.

Acknowledgment

By proceeding with a finance agreement arranged through TMMC, you acknowledge that you have read and understood this Finance Commission Disclosure Document.