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Clear Motors LTD is authorised and regulated by the Financial Conduct Authority for consumer credit and is permitted to advise on and arrange General Insurance Contracts (our FRN is 973944 register.fca.org.uk). As an FCA-regulated credit broker (not a lender) we can introduce you to a selected group of lenders (a list is available on request) who may be able to help you finance your purchase. This group of lenders provides us with a range of products which may be suitable for your purchase (subject to status) we will explain the key features of those products to you. We do not charge fees for our Consumer Credit services. We will be paid a commission for introducing you to our selective group of lenders, this will be a percentage of the amount that you borrow. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed.
Representative Example for Hire Purchase (HP): Payable by 60 payments of £57.49. Payments are based on a duration of agreement of 60 months, a Cash Price of £2,980.00, with a deposit of £298.00 leaving an amount of credit of £2,682.00. The agreement is calculated using a fixed rate of interest of 10.90% per year resulting in Representative 10.90% APR and a total amount payable of £3,748.40 The representative example includes an estimated option to purchase fee of £1.00. We act as a credit broker, not a lender.
