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Initial Disclosure

Credit Broking Services


New Vehicle Solutions Limited is authorised and regulated by the Financial Conduct Authority (FAC) Registration Number:New Vehicle Solutions Limited is an Appointed Representative of AutoProtect (MBI) Limited which is authorised and
regulated by the Financial Conduct Authority (FCA) for Insurance Mediation, their reference number is 312143.

We are a credit broker and not a lender.

The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check our authorisation and permitted activities on the Financial Services Register by visiting the FCA’s website: systems-reporting/register or by contacting the FCA on 0800 111 6768.

New Vehicle Solutions Limited is a member of the BVRLA (British Vehicle Rental and Leasing Association) Membership Number: 2035.

Our Services

We will at all times act in your best interests, We will source leans from the market that are suitable to the requirements you disclose to us. When the preferred option has been agreed, we will provide you with information about the loan and the provider of this to ensure you understand your responsibilities and commitments before proceeding. The firm will be acting as a Credit Broker on your behalf and is not a Lender.

Scope of Service

New Vehicle Solutions Limited works with a panel of lenders, which represent a fair analysis of the relevant market. Please ask for details of the panel of lenders we use if you require this information.

We can Broker the Following Finance Products:

Hire Purchase / Lease Purchase
Finance Lease (Business Users Only)
Personal Contract Hire & Business Contract Hire

Our Charges

We will not charge any fee for this service as we may receive payment by way of a commission or fee direct from the lender.

Cancellation Rights

If you wish to cancel your vehicle order prior to delivery you must do so in writing. Such cancellation may result in loss of any monies paid to New Vehicle Solutions Ltd subject to our discretion unless you exercise your rights afforded to you under the Consumer Credit Act 1974, the Consumer Protection (Distance Sales) Regulations 2002 or the Financial Services (Distance Selling) Regulations 2004. Distance selling rights do not extend to a business customer. Any additional costs incurred by New Vehicle Solutions Limited due to a cancellation by you will be passed on to you. We will provide evidence of such costs upon request.

New Vehicle Solutions Ltd cannot accept any responsibility for any losses incurred by you arising out of the contract between you and the finance company and purported arrangements relating to the supply of any vehicle sale to the extent that such loss is caused by our negligent act or omission.

Within New Vehicle Solutions Limited there are a number of finance options we are able to provide. Based on our discussions and your responses to our questions we will have narrowed down this selection to the one that may be most appropriate given your personal circumstances and requirements. We do however believe it is important that in making the decision you are aware of all finance options we have available (some of which may not be applicable in your particular circumstances) and have relevant information on the options available. Further information on the types of finance options we are able to offer can be obtained from organisations such as the Finance and Leasing Association or the Money Advice Service Details of alternative finance options and their explanations will be provided to you as part of our Initial Disclosure Terms of Business document.

Any agreement for vehicle funding will be completed without advice and based on your explicit instructions.

Registered Office:
New Vehicle Solutions, Tremains Road, Bridgend, South Wales, CF311TZ
Company Registration Number: 8572112 – VAT Number: 166595858 

New Vehicle Solutions Ltd is authorised and regulated by the Financial Conduct Authority, our firm reference number for consumer credit is 685872 New Vehicle Solutions Ltd is an Appointed Representative of AutoProtect (MBI) Limited which is authorised and regulated by the Financial Conduct Authority for Insurance Mediation, their reference number is 312143. We are a credit broker and not a lender.

We are permitted to conduct Credit Brokering, Debt-Adjusting and Debt-Counselling in connection with the whole or partial settlement of credit agreements for vehicle finance and consumer hire agreements.

New Vehicle Solutions Limited does not and will not charge any fees for providing any Consumer Credit services. 
Some of our lenders may charge administration fee’s to set up your agreement. 

Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. However, the amount of commission that we receive from a lender does not influence the amount that you pay to that lender under your credit agreement. Any renumeration amounts can be requested by emailing [email protected] prior to the conclusion of the transaction. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. 

Error and Omissions Excepted.

Last Updated: 01/08/2023

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Page Last Updated: 22/08/2023
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