Commission Disclosure

Alpha Motors (Wigan) Limited T/A Alpha Lease

The Financial Conduct Authority (FCA) expects any intermediary to disclose to the customer that a commission may be payable by the owner or creditor to the intermediary, and, if the customer asks, the amount of that commission. The FCA has made it clear that "commission" means any financial consideration.

In-line with new legislation, if you would like Alpha Motors (Wigan) Limited T/A Alpha Lease to disclose any potential commission please make your request to our office address or by email to info@alphalease.co.uk or by telephone: 01942 231 123

Commission Disclosure for Regulated Clients

1. The Financial Conduct Authority (FCA)
The FCA expects any intermediary to disclose to the customer that a commission may be payable by the owner or creditor to the intermediary, and if the customer asks the amount of that commission.  The FCA has made it clear that "commission" means any financial consideration

2. Whose products do we offer?

Alpha Motors (Wigan) Limited T/A Alpha Lease offer products and services from a range of Leasing Companies, UK Vehicle Dealerships and Product Providers with whom we have commercial agreements in place. We are a Commission Based Organisation which means that we receive payments for business introductions. We will receive financial remuneration which may be variable or pre-set dependent on the product and the volume that we place with that organisation. The amounts that we receive may vary.


3. Which service will we provide you with?
You will not receive advice or a recommendation from us for vehicle finance or leasing. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed. We have attached the advantages and disadvantages of the product types available to you. Eg. Personal Finance would be PCH (Personal Contract Hire) or PCP (Personal Contract Purchase) We are not an IFA (Independent Financial Adviser). We will receive remuneration from a lender we introduce you to.

4. What will you have to pay us for our services?
For non-regulated customers (limited companies and partnerships with 4 or more partners), the following fees will be payable to Alpha Motors (Wigan) Limited T/A Alpha Lease: £165 + Vat for Contract Hire & Lease purchase products. £165 + Vat will be payable for Finance Lease. Any Purchase style agreements will have option to purchase fees as stated on the quotes.In addition to the fees charged by Alpha Motors (Wigan) Limited T/A Alpha Lease, the lender may also charge their own fees. These include but are not limited to: documentation fees, option to purchase fees, excess mileage charges or vehicle sourcing fees.  For regulated customers (private individual, sole traders and partnerships with 3 or less partners) the following fees will be payable to Alpha Motors (Wigan) Limited T/A Alpha Lease :£198 Inc Vat for personal contract hire and personal contract purchase. Any purchase style agreements will have 'option to purchase' fees as stated on the quotes.In addition to the fees charged by Alpha Motors (Wigan) Limited T/A Alpha Lease the lender may also charge their own fees. These include but are not limited to: documentation fees, option to purchase fees, excess mileage charges or vehicle sourcing fees.

5. Who regulates us?
Alpha Motors (Wigan) Limited T/A Alpha Lease, Warrington Road, Goose Green, Wigan, WN3 6XB is authorised and regulated by the Financial Conduct Authority. Our registered number is 653004. Our permitted business is credit broking and we act as an intermediary to a panel of lenders.We are registered with the Information Commissioners Office for the purposes of Data Protection, our registration number is ZA160128.You can check this on the Financial Services Register by visiting the FCA’s website at www.fca.org.uk or by contacting the FCA on 0800 111 6768.

6. What to do if you have a complaint?
If you wish to register a complaint, please contact us:
Write to Alpha Motors (Wigan) Limited T/A Alpha Lease, Warrington Road, Goose Green, Wigan, WN3 6XB Telephone

01942 231 123

info@alphalease.co.uk

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service or the BVRLA. A copy of our complaints procedure is available upon request or on our website, www.alphalease.co.uk