Commission Disclosure Policy

About Leap Vehicle Leasing Limited's Services

Whose Products Do We Offer?

Leap Vehicle Leasing Limited offers products and services from a range of:

•    Leasing Companies.
•    UK Vehicle Dealerships.
•    Product Providers.

We have commercial agreements in place with these organisations.

Commission-Based Organisation

We are a commission-based organisation, meaning we receive payments for business introductions.

The commission we receive may be variable or pre-set depending on:

• The product.
• The volume we place with the organisation.
• The amounts we receive may vary and will impact the amount you repay if you enter into an agreement with them.
• Commission may differ between providers and agreements. Where commission is reflected in the price of your lease, it may affect the initial rental, monthly rentals and total amount payable. We will explain the applicable commission arrangement and its effect on your payments before you enter into the agreement. 

How we are paid

Commission is paid to us by the leasing company, dealership or other product provider involved in your transaction, as applicable. 

We will explain who pays us and whether our commission is a fixed payment or a variable amount, including the relevant calculation basis and any applicable volume incentives or other benefits. 

Requesting the commission amount

In line with FCA requirements, we will:

• Inform you that we will receive commission.
• Disclose details of the commission arrangement.
• Disclose the amount of commission payable if you request it.
• Obtain your consent to receive commission before the agreement is concluded.

By signing our Commission Consent documentation, you confirm that you understand and consent to our receipt of commission from the lender and/or motor retailer.

When we provide information

•    We provide prominent commission information early in your enquiry and quotation process and confirm the relevant information for your chosen arrangement before you enter into the agreement.

You will have time to consider it and ask questions. We can explain the information in another suitable format if you need support. 
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Which Service Will We Provide for You?

•    We do not provide advice or recommendations.
•    We provide product information to enable you to make an informed choice about how to proceed.

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Who Regulates Us?

Leap Vehicle Leasing Limited is authorised and regulated by the Financial Conduct Authority (FCA).

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What to Do If You Have a Complaint

Please visit our Complaints Procedure page.