Dealer Finance Business Rules
Dealer Finance is a product that allows dealers to display monthly finance offers on their full page advert in connection to purchasing a vehicle. Dealer Finance is provided subject to the Main Advertising Terms & Conditions which are incorporated into the Rules by reference. Please note AutoTrader do not offer a source of credit, or a finance product directly.
Dealer Finance is currently free of charge as part of the trial. 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 provided that, 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.
1.1. “APR” means Annual Percentage Rate for finance agreements supplied by the dealer to consumers.
1.2. “FCA” refers to the Financial Conduct Authority, which regulates the promotion and sale of consumer credit, including Dealer Finance, in the UK.
1.3. “Dealer Finance” refers to a source of credit in connection to purchasing a vehicle.
1.4. “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).
1.5. “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).
- Eligibility of vehicles for the product
2.1. This product is only available to dealers 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.
2.2. The dealer must have an agreement in place with a lender.
2.3. AutoTrader will conduct due diligence to ensure that the dealer is authorised by the FCA and holds the relevant permissions.
2.4. This product can only be displayed on full page adverts and is only available for the sale of cars.
2.5. HP Finance Agreements can only be offered on cars that are valued no less than £2,000 and are less than 12 years old.
2.6. PCP Finance Agreements can only be offered on cars that are valued no less than £2,000 and are less than 5 years old.
3.1. Our Dealer Finance product is currently provided to selected dealers on a trial basis at no cost. 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.
- Cancellation & Termination
4.1. The Dealer Finance product can be cancelled at any point during the trial period via notification in writing (letter, email or fax) to the Account Manager.
4.2. We reserve the right to immediately terminate this product from any or all full page adverts on the basis that the dealer 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.