Sovereign Autos Ltd is authorised and regulated by the Financial Conduct Authority (FRN: 1045183).
We act as a credit broker and not a lender. We can introduce you to a limited number of carefully selected lenders who may be able to offer finance for your vehicle purchase, subject to status.
We do not provide independent financial advice and do not assess the wider market. The finance products available to you will be from our selected panel of lenders.
We may receive a commission from the lender for introducing you to them. This commission may be a fixed amount or a percentage of the amount borrowed and may vary depending on the lender, the product, and your individual circumstances.
The lenders we work with may pay us commission at different rates. However, we do not operate any discretionary commission arrangements and we do not have the ability to set or adjust interest rates in order to increase the commission we receive.
Before entering into any finance agreement, we will clearly explain:
- The total amount payable
- The duration of the agreement
- Any applicable interest rates and charges
This is to ensure you are able to make an informed decision based on your individual circumstances.
You are under no obligation to obtain finance through us and may choose to arrange finance independently.