When it comes to financing your vehicle Economy can provide a range of options to suit you, from low cost Hire Purchase and Lease Purchase to Personal Loans. Our finance is very flexible with the ability to settle early and overpay to reduce your agreement all with no penalty fees. The rates are fixed for the duration of the agreement so you are protected from any government rate rises. We always give honest, knowledgeable and impartial advice in a clear and transparent medium. Please ask for more details of any aspect of the Finance and Lease options we provide.
Economy is now able to offer its customers special finance packages with no deposit on selected vehicles. Please ask for details.
For VAT registered companies we are able to offer commercial vehicle finance where you can take the vehicle away without paying any of the VAT deposit until after you have claimed it back up to 4 months later. This can really help with cash flow and get you into the van you need sooner than you were planning.
Ask for details on 0% finance deals that are available on selected vehicles.
For those after a low initial deposit and low monthly payments, Lease is an option which can be tailored to your requirements. A balloon payment can be used at the end of the term to reduce the upfront and monthly payments considerably, with the option to hand the vehicle back at the end of the term. Ask for more details of the benefits and negatives compared to traditional Hire Purchase.
(All Finance is subject to status)
Introduction:If a credit broker (including a motor dealer) receives any commission then the Financial Conduct Authority expects the existence of commissions or other remuneration payable to be declared in good time before a credit agreement or consumer hire agreement is entered in to. Discretionary commission models have been banned by the FCA as of the 28th January 2021. The Financial Conduct Authority has made it clear that “commission” means any financial consideration.
Economy Vehicles Ltd offer products and services from a range of Finance Companies and Product Providers with whom we have commercial agreements in place. If a customer decides to take out an agreement with one of those lenders, the lender will typically pay us a commission for the introduction. It is very important to understand that any potential commission paid to us does not affect the amount the customer pays on their agreement and any interest rate is set by the lender, not us.
Economy will always provide its customers with product information enabling them to make an informed choice about how to proceed. Economy Vehicles Ltd maintains a policy of consistency and transparency regarding commission disclosure requests. Where a retail customer requests disclosure of potential commission earnings from funding partners regarding the specific brokering of the deal under construction (before conclusion) they are entitled to this information. Economy Vehicles Ltd will willingly provide this information to all customers. Should a customer wish to understand the potential amount or the likely amount of commission payable by the lender, owner or third-party in relation to the finance they are taking out then this will be provided willingly in writing in line with the company’s commission disclosure policy.
What to do if you would like to request Commission Disclosure? If you would like Economy to disclose any potential commission please make your request in writing to Economy Vehicles Ltd, 984 Christchurch Road, Bournemouth, Dorset, BH76DW.Your request, once made, will be actioned by the Compliance department. A record of all commission requests and responses will be retained. Alternatively, you can also contact us via the following methods: By e-mail – email@example.com By Phone – 01202 434373.
If we cannot settle things to your satisfaction directly you may be entitled to refer your complaint on to the Financial Services Ombudsman Service or other arbitration & dispute resolution scheme. Details on how to contact will be provided on our final response.
We supply new and used vehicles nationwide with most of our established customers in the local areas of Bournemouth, Poole, Christchurch, Ferndown, Ringwood, the New Forest, Dorset, Hampshire and Wiltshire.
When searching for vehicle prices online consider the following vital points. The cheapest priced vehicle is very rarely the best 'value'...
Recent months have seen huge numbers of nearly new commercial vehicles and cars prematurely returned to the finance companies which are now available for a fraction of their original cost...
Economy Commercials 984 Christchurch Road, Pokesdown, Bournemouth, Dorset, BH7 6DW, UK.
Tel: +44 (0) 1202 434373 (Bournemouth)
Please note that all telephone calls may be recorded.
Fax: +44 (0) 1202 434370
Company registration number 2772895
VAT number 392 893 108
Authorised and regulated by the Financial Conduct Authority.