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11 minute read

Commission Chaos: The Hidden Costs Destroying Customer Trust

By Elev8 Finance

An Honest Look at the Motor Finance Commission Crisis and Why Transparency is the Only Way Forward

Opinion News
Elev8 Finance takes a frank look at the vehicle finance commission crisis in the UK
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Email: info@elev8finance.com
Phone: 0203 3270795

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Elev8 Finance are authorised and regulated by the Financial Conduct Authority (“FCA”) under Firm Reference Number (FRN) 669015. We are a credit broker not a lender and we do not charge a fee for our credit broking services. We can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. Whichever lender we introduce you to, we will typically receive commission from them, calculated by reference to the vehicle age or amount you borrow. The lenders we work with may pay commission at different rates. However, the amount of commission we receive from a lender does not have an effect on the amount you pay to that lender under your credit agreement. The amount of commission will be made available to you upon request.
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