Initial Disclosure Document

Platinum Car Centre UK Ltd

IMPORTANT INFORMATION – PLEASE READ

Please read this document in addition to your Pre-Contract Information. You should consider the information provided before signing your finance agreement.

Platinum Car Centre UK Ltd is a credit broker, not a lender. We can introduce you to a limited panel of lenders who may be able to offer you finance for your used vehicle purchase. Our role as a credit broker is to determine which lender on our panel to introduce you to. Each credit provider may have different interest rates and charges.

We do not charge you a fee for our broker services. We are only able to offer a range of finance products from these providers, which may be suitable for you, and we will explain the key features of these products to you.

Interest rates will be either fixed, based on the lender, or based on your credit score. Fixed rates are determined by our contractual agreement with the credit providers. Credit score-based rates are pre-set but are also linked to your own individual credit rating. Typically, the higher your credit score, the lower the APR you will receive.

We are NOT independent financial advisors. We will provide details of the products available from the panel of lenders that we work with, but no advice or recommendation will be made. You must decide whether the finance product is the right one for you.
We will receive commission from the lender or credit provider for introducing you to them. The lenders we work with could pay commission at different rates. However, the amount of commission that we receive from a lender does not affect the amount that you pay to that lender under your credit agreement. The commission received is either a fixed fee or a percentage of the amount you borrow. Our commission will not influence the interest rate that you will pay.

For more information regarding the statement above, please ask us or your lender.
Company Details
Platinum Car Centre UK Ltd
Platinum Car Centre, Ham Drive, PL2 3NH
Company No: 11034292
VAT No: 281352118

Frequently Asked Questions

Who are we?

Platinum Car Centre UK Ltd is authorised and regulated by the Financial Conduct Authority for credit brokerage. Our FCA Firm Reference Number is 793217.

Can we give you independent financial advice?

We are NOT independent financial advisors. We will provide details of the products available from the lenders that we work with but no advice or recommendation will be made. You must decide whether the finance product is right for you.

Use of your personal data

We use your personal data in order to carry out a number of specific steps before you enter into a contract for used vehicle finance (loan agreement) with your chosen finance company and also to ensure that our legitimate interests as a finance broker are protected.

Further Information

If you have any queries regarding the agreement you are entering into, please contact us directly on [email protected] or by telephone on 01752 965783.

What can you do if you have any concerns about our services?

If you have any concerns, please contact us in the first instance by writing to:
The Director, Platinum Car Centre UK Ltd, Platinum Car Centre, Ham Drive, PL2 3NH
You have the right to refer any unresolved complaint to:
The Financial Ombudsman Service
Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk
Phone: 0800 023 4567