Venter Vehicle Leasing | Initial Disclosure Document

Initial Disclosure Document

We are required by the Financial Conduct Authority (FCA), who regulates the financial services industry, of which we are a part, to provide you with an Initial Disclosure Document (IDD) to enable you to decide, whether or not the products and services we offer are suitable for your needs. In addition we are required to advise you on how to make a complaint should you need to do so.

Who are we?
Nicholas Venter T/A Venter Vehicle Leasing is authorised and regulated by the Financial Conduct Authority FRN (790317). We act as a credit broker not a lender. We will only introduce you to Leasing Options Ltd FRN (660061) who will introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk.

What do we Offer?
We offer a range of vehicle leasing facilities through a panel of carefully selected third party lenders from whom we may receive an introductory fee or commission. We will not offer facilities from lenders outside of this panel.

Commission

At VVL we feel it is important to be open and transparent with our customers and we are obliged to disclose the existence of commission because:

It could act as an undue incentive to recommend a particular product.
It may affect our independence and potentially give rise to a conflict of interest when offering suitable products to customers.
Knowing about the commission may have a material impact on a customer's decision.
The amount of commission received affects the amount the customer pays.

The nature of this commission is as follows: a variable commission based on the circumstances, for example, the model of the vehicle and market influences, however, the best rate will be maintained for the customer.

Customers who are consumers, sole traders or small partnerships and who use our services resulting in the entering of an agreement which is regulated by the Consumer Credit Act can request further information relating to the commission.

Customers may ask for a commission disclosure at any time from initial discussions until the agreement is set live. After the agreement is set live, VVL is not obligated to disclose any information and will consider all requests on their individual merits.

What Services will we provide you with?
We will provide you with either comparable details of firms most appropriate to your lending requirements or general information relating to finance products. In assessing your requirements we may seek information about your personal circumstances and objectives to enable us to identify your needs. It is important that you provide us with accurate and relevant information enabling us to hone down the selection of firms offered, from which you can more easily make your choice.

Confidentiality and Data Protection
Throughout the process of obtaining finance for your vehicle agreement we will need to collect personal information from you and pass this information onto one or more third party lenders to enable them to make a credit decision. We will not disclose your personal details outside of this group of lenders. We are able to supply a comprehensive list of lenders by request.

Other Finance Facilities
You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations and details of their products by researching on the high street, in the media and online.

What to do if you have a complaint?
Our aim is to provide a first class service and we are committed to treating our customers fairly, however if you wish to register a complaint please contact us:

By Phone: 01724 733282
By Email: nick@venlease.co.uk
In Writing: Venter Vehicle Leasing, Manor Lodge, Whitton, North Lincolnshire, DN15 9LL

Our Complaints Policy and procedure is available to view on our website. If you are not satisfied with a decision taken in respect of a complaint or appeal, you may contact the BVRLA (our industry trade association) who will act as an independent arbiter, at www.bvrla.co.uk Consumer Credit customers also have the legal right to refer unresolved disputes to the Financial Ombudsman Service within six months from the date of the final decision at www.financial-ombudsman.org.uk/consumer/complaints