Terms and Conditions

Dealer Finance

Business Rules

Dealer Finance is a product that allows Retailers to display monthly finance offers on their full-page advert. Dealer Finance is provided subject to the Main Advertising Terms & Conditions which are incorporated into the Rules by reference. Please note Auto Trader do not offer a source of credit, or a finance product directly.

Dealer Finance is currently free of charge., though we reserve the right to apply a charge at any point in the future. Any change in pricing will be notified to customers with 7 days’ notice.

Terms defined in the Main Advertising Terms & Conditions shall have the same meaning in these Rules if, should a term be defined in both the Main Advertising Terms & Conditions and these Rules, the meaning of the term defined in these Rules shall have precedence in relation to the Rules.

  1. Definitions

    1. “APR” means Annual Percentage Rate for finance agreements supplied by the Retailer to consumers.
    2. “FCA” refers to the Financial Conduct Authority, which regulates the promotion and sale of consumer credit, including Dealer Finance, in the UK.
    3. “HP” means Hire Purchase, which refers to a type of finance agreements promoted on full page adverts (Hire Purchase is a secured finance agreement regulated under the Consumer Credit Act 1974).
    4. “PCP” means Personal Contract Purchase, which refers to a type of finance agreements promoted on full page adverts (Personal Contract Purchase is a secured finance agreement regulated under the Consumer Credit Act 1974).
    5. “CS” means Conditional Sale, which refers to a type of finance agreements promoted on full page adverts (Personal Contract Purchase is a secured finance agreement regulated under the Consumer Credit Act 1974).
  2. Business Rules

    1. This product is only available to Retailers who are authorised and regulated by the FCA for the relevant permissions, or who act as an Appointed Representative of an authorised firm with the relevant permissions.
    2. All Retailers must comply with all current legislation, advertising codes and any other requirements, including those implemented by the Financial Conduct Authority such as the FCA Handbook.
    3. The Retailer must have an agreement in place with a lender prior to obtaining Auto Trader’s Dealer Finance product.
    4. Auto Trader will conduct regular due diligence to ensure that the Retailer is authorised by the FCA and holds the relevant permissions.
    5. The Retailer must notify Auto Trader immediately if there are changes to the Retailer’s FCA Authorisation or to the permissions held. This will be checked against the Financial Services Register regularly.
    6. This product can only be displayed on full page adverts and is currently only available for the sale of cars.
    7. Vehicles that are eligible for finance are determined by the Retailer and their chosen finance lender.
    8. As per the FCA’s regulations and requirements, the Retailer is responsible for providing the correct rates that is available to the majority of their consumers.
  3. Complaints

    1. If Auto Trader receive a complaint regarding the finance offer or services in relation to the finance offer, Auto Trader will notify the Retailer that a complaint has been received.
    2. The Retailer is then required to resolve the complaint in line with the FCA’s Dispute Resolution Handbook.
    3. Any complaints received will be recorded on the Retailer’s account with Auto Trader.
    4. The Retailer is required to inform Auto Trader as to the final resolution/outcome of the complaint.
  4. Charges

    1. Our Dealer Finance product is free of charge until 31st March 2018. Charges will apply from 1st April 2018. We reserve the right to modify charges at any point in the future. Any change in pricing will be notified to customers with 7 days’ notice.
  5. Cancellation & Termination

    1. The Dealer Finance product can be cancelled at any point via notification in writing (letter, email or fax) to the Account Manager.
    2. We reserve the right to immediately terminate this product from any or all full-page adverts on the basis that the Retailer does not hold the relevant permissions with the FCA, or have or suspected to have breached regulations and/or any members of the business are being investigated by the FCA for any misconduct.