Insurers can also offer policies that protect drivers should you wish to test a car for a longer period of time. While this is a standard practice within the car market, it is always worth double-checking a dealership has this insurance as well as any liable excess before testing any vehicle for peace of mind. Luckily, most car dealerships typically have a specialised form of car insurance in place so that buyers are able to test drive cars before purchasing. UK road laws require all vehicles to have an insurance policy in place before being driven with no expectation for cars that are being tested. Unsure how to start your car buying journey? Try taking a look at our car buyers guide first. While it’s tempting simply to buy a car without making any checks, a test drive is typically your one and only opportunity to make an informed decision – So take your time and follow the steps in getting the most out of your test drive. That’s why a test drive is important, not only to uncover any hidden problems but to also acquaint yourself with how a car drives and feels. Today’s car market has a huge variety of makes and models, most of which may be more advanced than a previously owned car. A key part of the car buyers’ journey is of course the test drive and is the best opportunity to learn more about the car you intend to buy. View our full finance disclosure.Whether buying new or used, privately or via a dealer, car shopping can be an exciting journey but one that requires attention and patience. If you would like to know the amount of any remuneration we have received from the finance provider, please ask us.Īll finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. Different lenders may pay different commissions for such introductions some lenders may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. Lenders typically pay a commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. The lender we introduce you to and available rates will depend upon a number of factors including: the vehicle, your personal circumstances and the likelihood of a lender to accept an application based on information provided. If they are unable to make you an offer of finance, or the vehicle is not one that we would normally place with them we will introduce you to other lenders on our panel. New, our approach is to introduce you to the lender who are usually able to offer the best available package for you, taking into account interest rates, residual valuations (where applicable) and other contributions. Unless we consider it to be inappropriate given your personal circumstances, for certain vehicles e.g. we will typically receive commission from whichever lender we introduce you to (either a fixed fee or a fixed percentage of the amount you borrow). We do not charge you a fee for our services. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We are not an independent financial advisor we will provide details of products available. We can introduce you to a limited number of lenders and their finance products, we act as their agent for this introduction. Volkswagen Financial Services (UK) Limited, Evolution Funding Limited, Santander Consumer (UK) plc, Honda Finance Europe PLC, CA Auto Finance UK Ltd, Suzuki Financial Services Limited, Volkswagen Financial Services (UK) Limited, Hyundai Capital UK Limited, Stellantis Financial Services Uk Limited, Toyota Financial Services (UK) PLC, FCE Bank Plc, We will explain the key features of those products to you. ![]() This group of lenders / brokers provides us with a range of products which may be suitable for your purchase. Permitted activities include acting as a credit broker not a lender.Īs an FCA regulated credit broker we can introduce you to a selected group of lenders / brokers (see below) who may be able to help you finance your purchase. ![]() Johnsons Cars Limited is authorised and regulated by the Financial Conduct Authority (FCA) (our registration number is 688450. Johnsons Cars Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts as an intermediary.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |