MGX Motor Finance Ltd are authorised and regulated by the Financial Conduct Authority for credit brokerage. We are a credit broker not a lender. Our FCA number is 933241. Finance is subject to status. Terms and Conditions apply. A guarantee may be required. Over 18’s only. PLEASE ENSURE YOU CAN AFFORD THE REPAYMENTS FOR THE DURATION OF A LOAN BEFORE ENTERING INTO A CREDIT AGREEMENT.
We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor, we will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive a commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The commission arrangements we have in place vary, depending on how you are introduced to us and with which lender we can place you with. When you are introduced to us by a motor retailer, we are typically paid a flat fee, regardless of the interest rate you pay, finance product, length of the agreement, or amount of finance. We can also be paid a fixed rate of commission, calculated as a percentage of the amount of finance. We will always introduce you to the most suitable finance lender offering you the most appropriate finance product for your needs, and at the best interest rate possible (which is determined by the finance lender).
We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.
MGX Motor Finance Ltd is registered in England and Wales under registered number 12848864 whose registered office address is Dunstall Park Road, Derby, DE24 8HJ. VAT Reg. Number: GB 379 320 772