JJ Premium Cars Ltd is authorised and regulated by the Financial Conduct Authority (FCA). Our Firm Reference Number (FRN) is 673660.
We are a credit broker, not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and act as an agent for this introduction on behalf of the Lender.
By providing us with your personal credit details, you will be giving us authority to submit a credit application on your behalf to our credit providers, each of which may record a search on your credit file. We will only pass your details onto a subsequent credit provider if the initial application to the first credit provider is not successful.
Rates will be either fixed, based on the lender or based on your credit score. Fixed rates are determined by our contractual agreement with the finance supplier and the supplier cannot change this rate. Credit score-based rates are pre-set but are also linked to your individual credit rating. Typically, the higher your credit score, the lower the APR you will receive from a credit provider.
The amount we may receive could vary by credit provider which may be a higher amount in relation to certain products compared with other products available. The lenders we work with could pay commission at different rates however the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement. We run a number of different commission models depending on the arrangements that we have agreed?with the lender. The commission received is either a fixed fee or a percentage of the amount you borrow, which means the payment we receive may vary depending on the amount you borrow and the term the loan is borrowed over. This may also mean that the more you borrow the more the introducer is paid. Our commission will not influence the interest rate that you will pay with a lender. Details on the amount of commission are available on request.
All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.