Finance Commission Disclosure Statement – Stoppies Motorcycles

Overview

Stoppies Motorcycles offers credit-broking services to help finance the purchase of your motor vehicle and related products through arrangements with various lenders. In exchange for arranging finance, Stoppies may receive a commission, fees, or other financial consideration (our “income”)  from the lenders for doing so. The amount of commission varies depending on the lender and the terms of the arrangement.

Commission Arrangements:

- We have different commission structures with each lender. This may be a fixed fee or a percentage of the loan amount.

- The income we receive does not generally change based on the type of financial product or loan term, unless otherwise disclosed.

- Stoppies cannot adjust or negotiate your interest rate, APR, or other terms related to your credit agreement, as all commission arrangements are pre-negotiated with lenders.

Commission Disclosure:

- For credit agreements regulated by the Consumer Credit Act 1974, any commission or income we earn will be disclosed at the bottom of the finance agreement document.

- Customers have the right to request details of the commission at any time, and we will provide this information promptly, whether by phone, email, or in person.

- The commission earned could influence your decision,  So we will always disclose the income before finalizing the transaction.
You may, email stoppies@btconnect.com or write to Commission Disclosure Stoppies Motorcycles, Danbury Mews Wallington SM60BY or if you are at the dealership, please speak with your Sales Executive/Sales Manager.

Finance Products:

- We are a credit broker, not a lender, and can introduce customers to a limited number of lenders offering finance options like Hire Purchase and Personal Contract Purchase which may have different interest rates and charges. We are not an independent financial advisor. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation.

- We will never charge customers for credit-broking services; instead, Whichever lender we introduce you to, we may typically receive a commission from them (either a fixed fee or a fixed percentage of the amount you borrow)

- The commission received does not affect the customer’s repayment amount or terms with the lender.

Regulation Summary:

- Stoppies Motorcycles (FRN 669913) is authorized and regulated by the Financial Conduct Authority (FCA).

This statement provides transparency about the commissions Stoppies may receive and the limited scope of financial products they can offer.