Moonraker Motorcycles Ltd as an FCA-regulated credit broker we can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We will provide details of products available from the lenders we work with, but no advice or recommendation will be made. You must decide whether the finance product is right for you.

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Below we have listed your options for vehicle finance including the benefits of automotive finance to customers also.

 

These are the key benefits of automotive finance to customers:

• The means to acquire a vehicle and in many cases a higher value vehicle than would otherwise be affordable.

• Low initial payment/deposit and affordable regular payments, to suit individual cashflow requirements.

• Fixed interest rates – to aid predictable budgeting.

• Additional regulatory protection for regulated customers provided by legislation and Financial Conduct Authority (FCA) rules.

• Some finance products remove the risks associated with depreciation.

 

The suggested funding products to consider:

 

Personal Contract Purchase (PCP) – a form of Hire Purchase (or Conditional Sale) where some of the capital cost of the vehicle is deferred to the end of the agreement in the form of a large, final balloon payment. At the end of the agreement the customer has the option to:

• pay the balloon payment and keep the vehicle.

• hand back the vehicle without incurring further costs; or

• trade in the vehicle for a replacement.

 

Hire Purchase and Conditional Sale agreements - the purchaser borrows the required amount from a finance company and agrees to make regular payments over a set term. The lender retains legal ownership of the vehicle until the full amount is repaid (‘secured’).

 

The borrower hires the vehicle from the lender until the loan and all charges are repaid (along with an ‘option to purchase fee’ if using hire purchase)

Important Information

• We do not charge you a fee for our services

• We will typically receive a commission (either as a fixed fee or as a fixed percentage of the amount you borrow) from your finance lender for introducing you to them.

• The lenders we work with pay commission at different rates and promotional rates may also apply from time to time.

• You are entitled, at any time, to request information regarding any commission which we may have received as a result of placing your finance with a lender.

• The amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

 

Please understand that the payments that are due under the vehicle finance agreement may be affected should my circumstances change.

 

You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations and details of their products by researching on the high street, in the media and online.

 

Please think fully have you considered the proposed commitment in light of my financial circumstances, and I believe that you will be able to afford to maintain repayments over the life of the agreement.

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We pride ourselves on always providing a first class service, however if you have any cause for complaint any enquiry can be raised by contacting us using the address and telephone number above at the top of this disclosure document. Should you remain dissatisfied, you have the right to ask the Financial Ombudsman Service to review your complaint. You should write to the Financial Ombudsman Service: Financial Ombudsman Service, Exchange Tower, London, E14 9SR.