Status Disclosure

Vehicle Finance Status Disclosure for SJ Specialist Cars Ltd

Who are we?

SJ Specialist Cars Ltd, a dealership acting as a credit broker in arranging finance for vehicle transactions.

Our registered address is Unit 4, Tattenham Works, Leigh Rd, Wigan, WN2 4SZ. Registered in England. Registration number 08636074

Trading Address: as above.

Are we authorised to arrange finance for you?

Yes, we are authorised and regulated for credit-broking activities by the Financial Conduct Authority (“FCA). We are not a lender. Our FCA Firm Reference Number is 716473. For more information, please visit the FCA website at https://register.fca.org.uk/. Please note that business customers may not be protected under the Consumer Credit Act 1974 or FCA rules.

What can we do to help finance your vehicle?

We can introduce you (whether direct or through a specialist credit broker) to several finance companies (“funders) who may be able to finance your transaction.

We work with the following funders / brokers: Mann Island Finance, Evolution Funding, DSG Finance. There are other funders to which we cannot introduce to you, which may also be able to offer you finance.

We will provide you with information and explanations about the finance products that may be available to you; and where we recommend a product to you, we will ensure that this is based on the information you give us about your needs and circumstances, so that is suitable for you. Finance is arranged subject to status, and terms and conditions. We cannot guarantee that we will be able to secure finance for you.

Can we give independent finance advice?

We are not independent financial advisers, and so are unable to provide you with independent financial advice. We are, however, independent of the funders and brokers that we work with.

Do you have to pay us for our service, or do we receive any commission?

You do not have to pay us for our service, but a funder or broker we work with may pay us for introducing you to them. Different funders / brokers may pay us different amounts, but it will be typically based on a fixed percentage of the amount borrowed. This percentage may vary according to differing factors; for example, the amount of credit; the age or type of vehicle; the type of finance product; or the funder's assessment of the risk of lending. For your re-assurance, we are not able to change the interest you pay in order to receive more commission from a particular broker or funder. Although, rates and commissions may vary between our finance partners, our aim is always to secure finance from them which is appropriate to your circumstances.

If we are successful in obtaining an offer of finance for you, and you would like to know the amount (or likely amount) we would receive if you decided to go ahead with the agreement and how that amount has been calculated, please contact us using the details above.