INITIAL DISCLOSURE DOCUMENT
NTR Cars Limited is a credit broker, not a lender. We can introduce you to a limited group of carefully selected credit providers who may be able to offer you finance for your purchase. Each credit provider may have different interest rates and charges. We do not charge you a fee for our services. Rates will be either fixed based on the lender or based on your credit score. Fixed rates are determined by our contractual agreements and we 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. We are only able to offer a range of finance products from these providers, which may be suitable for you and we will explain the key features of these products to you. We are NOT independent financial advisors. We will provide details of the products available from the credit providers that we work with, but no advice or recommendation will be made. You must decide whether the finance product is right for you.
We will receive payment from the credit provider for introducing you to them. The amount received could vary by credit provider, which may be a higher amount in relation to certain products compared with other products available. The credit providers we work with could pay commission at different rates. However, the amount of commission that we receive does not have an effect on the amount that you pay to the lender under your credit agreement.
We run a number of different commission models depending on the arrangements that we have agreed with our credit providers. The commission received is either a fixed fee or a percentage of the amount you borrow, which means the payment received may vary depending on the amount you borrow and the term the loan is borrowed over. This may also means that the more you borrow the more we may be paid. Our commission will not influence the amount you will pay under your credit agreement. Details on the amount of commission are available on request.