Initial disclosure document
The Financial Conduct Authority (FCA) is the national independent regulator of financial services. The FCA legally require us to provide you with an ‘Initial Disclosure Document’. This Document has a number of purposes, one of which is to ensure you are provided with essential information about us as a company, what we charge for our services, the products and services we offer and how we are regulated. It will also provide information on what you should do if you have a complaint and any details regarding the Financial Services Compensation Scheme.
About Select Car Leasing
Select Car Leasing is a trading style of Select Contracts UK Limited and is both authorised and regulated by the Financial Conduct Authority (FCA) We provide broker services to customers and work with our finance partners in order to find a suitable vehicle lease agreement for our customers. You can find more about what we do on our dedicated About Us page.
The products we use
As an FCA regulated credit broker we are able to introduce you to a range of lenders who can help you finance your vehicle and provide any other products/services that you may require, including servicing packages and vehicle maintenance. We work with some of the UK’s most prominent and trusted finance providers in order to help secure you the best and most appropriate deal.
We will provide you with either comparable details of any firms most appropriate to your lending or purchasing needs or any other general information relating to finance products. In order to do this we may seek personal information about your circumstances and objectives as might be relevant in order to enable us to identify your exact needs and establish a line of credit. It is always important that you provide us with accurate and relevant information so that we can try and find a product or agreement that is most suitable to you.
What are the costs for our services?
As an FCA licensed organisation we rely purely on commission and extra fees, this administration fee can often vary and represents any costs incurred by Select Car Leasing for processing the lease agreement. We do not charge for any of our other broker-related services. We also may receive payment from finance providers or lenders if you decide to enter into any agreement with us, these fees can be pre-set and often vary depending on the product and the volume that is placed with a particular supplier. The commission in a deal may vary and may impact the amount payable by the customer. Select Car Leasing are a broker and not a lender and work with multiple suppliers and/or funders - see Finance Options and our Guide to Leasing for more information on the leasing process. If you would like more Information in regard to the disclosure of commission, please email firstname.lastname@example.org.
Who regulates us?
Select Car Leasing is a trading style of Select Contracts (UK) Ltd and is regulated by the FCA. You can verify this by checking the FCA Register on the website: https://www.fca.org.uk/firms/financial-services-register or contacting them on: 0300 500 8082. Our firm reference number is 670832.
What should I do if I have a complaint?
If you are unsatisfied with the service we provided for any reason then please visit our dedicated Complaints Procedure page.
Firms directly authorised by FCA and the Claims Regulator have a documented complaints procedure and a copy of ours will be made available to you upon request, or if you make a complaint against us. Should you have a complaint, please put it in writing to: The Complaints Manager, Atlantic House Imperial Way Reading RG2 OTD, telephone 0118 920 5130, or email email@example.com.
In the unlikely event that a complaint remained unresolved after 8 weeks from the date it was made, you may be able to refer it to the Financial Ombudsman Service (FOS), dependent upon the nature of your complaint. The FOS provides a mechanism for resolving disputes which is a simple, informal and accessible alternative to the courts. Their address is: The Financial Ombudsman Service (FOS), Exchange Tower. LONDON E14 9SR. Email: firstname.lastname@example.org. Tel: 0800 023 4567 (free), or 0300 123 9123 (costs no more than calls to 01 and 02 numbers).
The financial services compensation scheme (FSCS)
As with all firms directly authorised by FCA, Select Car Leasing Ltd is covered by the FSCS. This is the body established to operate and administer the compensation scheme, set up by major insurance companies, to compensate consumers when authorised firms are unable, or likely to be able, to satisfy claims against them. Insurance advising and arranging is covered for 100% of the first £2000 and 90% of the remainder of the claim without any upper limit.