About Us
Pico Cars Ltd is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit activities (Firm Reference Number 1041408).
We act as a Credit Broker, not a lender.
This document explains the finance services we provide, how we are paid, and the information you should know before deciding whether to arrange vehicle finance through us.
We act as a Credit Broker, not a lender.
This document explains the finance services we provide, how we are paid, and the information you should know before deciding whether to arrange vehicle finance through us.
Our Finance Services
We work with a limited panel of carefully selected finance providers who may be able to offer finance for your vehicle purchase.
We do not consider finance products from the whole market. As a result, there may be finance products or interest rates available from other lenders that we are unable to offer.
We are not independent financial advisers and do not provide independent or impartial financial advice or recommendations regarding vehicle finance. The decision whether to enter into a finance agreement is entirely yours.
We do not consider finance products from the whole market. As a result, there may be finance products or interest rates available from other lenders that we are unable to offer.
We are not independent financial advisers and do not provide independent or impartial financial advice or recommendations regarding vehicle finance. The decision whether to enter into a finance agreement is entirely yours.
How We Are Paid
We do not charge you a fee for introducing you to a finance provider or arranging vehicle finance.
If you enter into a finance agreement through one of our finance providers, the lender will pay us commission for introducing you and arranging your finance agreement.
This commission:
• forms part of our commercial arrangement with the lender;
• is a one-off payment made by the lender;
• is not an additional charge payable by you; and
• does not increase the amount you pay under your finance agreement.
Depending on the finance provider selected, commission may be paid as either: a fixed fee; or a fixed percentage of the amount borrowed.
Before you enter into a finance agreement, we will tell you:
• which finance provider has been selected;
• how our commission has been calculated;
• the amount of commission we will receive; and
• ask you to confirm that you understand this information before proceeding.
If you enter into a finance agreement through one of our finance providers, the lender will pay us commission for introducing you and arranging your finance agreement.
This commission:
• forms part of our commercial arrangement with the lender;
• is a one-off payment made by the lender;
• is not an additional charge payable by you; and
• does not increase the amount you pay under your finance agreement.
Depending on the finance provider selected, commission may be paid as either: a fixed fee; or a fixed percentage of the amount borrowed.
Before you enter into a finance agreement, we will tell you:
• which finance provider has been selected;
• how our commission has been calculated;
• the amount of commission we will receive; and
• ask you to confirm that you understand this information before proceeding.
Your Information
If you ask us to arrange finance, we will collect and share information about your personal and financial circumstances with one or more finance providers for the purpose of assessing your application. Please ensure all information you provide is accurate and complete.
Further information about how we collect, use and protect your personal information is available in our Privacy Policy.
Further information about how we collect, use and protect your personal information is available in our Privacy Policy.
Complaints
If you are dissatisfied with any aspect of our consumer credit services, please contact us.
Pico Cars Ltd
Yard 9 – Straight Mile Village, Ongar Road, Brentwood, Essex, CM15 9SA
Telephone: 07304 090031
Email: sales@picocars.co.uk
If we are unable to resolve your complaint, you may have the right to refer it to the Financial Ombudsman Service.
Pico Cars Ltd
Yard 9 – Straight Mile Village, Ongar Road, Brentwood, Essex, CM15 9SA
Telephone: 07304 090031
Email: sales@picocars.co.uk
If we are unable to resolve your complaint, you may have the right to refer it to the Financial Ombudsman Service.
Important Information
• We act as a credit broker and not as a lender.
• Finance is subject to status, affordability and acceptance.
• Applicants must be aged 18 years or over.
• Lending decisions are made solely by the finance provider.
• Vehicle finance is optional and you are free to arrange finance elsewhere.
• Finance is subject to status, affordability and acceptance.
• Applicants must be aged 18 years or over.
• Lending decisions are made solely by the finance provider.
• Vehicle finance is optional and you are free to arrange finance elsewhere.