Broker Service Fee Notice

Bright Motor Finance, authorised and regulated by the Financial Conduct Authority (FCA) under the registration number 928674, operates as a licensed broker specialising in vehicle finance. We facilitate finance options through a carefully selected panel of lenders, acting as a broker and not a lender.

We pride ourselves on offering our customers a transparent and straightforward service. It’s important to note that there is no fee for introducing you to a finance provider. However, a Broker Service Fee becomes applicable when we undertake the task of sourcing a vehicle on your behalf. This fee, which we will disclose during the initial illustration stage and before any commitment is made, covers the cost of sourcing the vehicle through our vast dealer network, producing and processing paperwork and arranging preparation.

The £500 fee is only applicable if you sign documentation with little intention of collecting the vehicle. If we can verify that you have attended site to collect, the fee becomes void.

Your right to cancel the finance agreement we arranged is protected under the Consumer Contracts (Information/Cancellation, and Additional Charges) Regulations. You may cancel your order without any penalty within 14 days from the placement date of your order, which we will acknowledge through email or on our website. It is important to note that this 14-day window applies only to the finance agreement, and not to the purchase of the vehicle or the broker service agreement.

If you have any questions or need further clarification regarding this notice or any aspect of our services, please don’t hesitate to contact us directly. At Bright Motor Finance, we are committed to providing you with exceptional service and support throughout your vehicle financing journey.