How we're paid — in one page, no small print
You'll never guess who's on our side. Here's the honest version of how a car finance broker actually earns money — and how the FCA protects you while we do.
4.8/5·Trustpilot & Google·FCA regulated
We're paid by the lender when your finance completes, not by you. Our commission is a set fee or a fixed percentage of the amount you borrow, agreed in advance with each lender. It does not change the rate you pay — the FCA banned that model in January 2021.
What we're actually paid
Every lender on our panel pays commission on a different basis. The ranges below cover more than 95% of the agreements we arrange. On your pre-contract information, you'll see the exact figure for your deal in £ terms.
| Product | Commission model | Typical range |
|---|---|---|
| Prime HP / PCP | % of amount borrowed | 1% – 4% |
| Near-prime HP / PCP | % of amount borrowed | 4% – 7% |
| Sub-prime specialist | Fixed £ fee + % | £250 + 3% – 6% |
| Business / van finance | % of amount borrowed | 2% – 5% |
Commission varies by lender and product. You can ask us what we will be paid on your agreement at any point, and the exact £ figure appears on your pre-contract credit information (SECCI) before you sign anything.
The four questions every customer should ask
| What we're paid | Who pays it | Affects your rate? | Can you see it? |
|---|---|---|---|
| A fixed fee or fixed % of amount borrowed, agreed with each lender in advance. | The lender, not you. | No. The FCA banned rate-linked commission in Jan 2021 (PS20/8). | Yes — the exact £ amount is on your pre-contract credit information (SECCI) before you sign. |
On a £12,000 hire purchase agreement over 48 months, the lender pays us either a flat fee or a fixed percentage of the £12,000 you borrow — agreed with that lender in advance, before your application is ever submitted. Because the amount is fixed in advance, it cannot be increased by putting you on a higher rate: your monthly repayment is set purely by the lender's APR, your term and your deposit.
Not a quote and not a lender decision. Your actual figure appears on the SECCI before you sign.
The rule that changed the industry
Some brokers were paid more if they arranged a higher interest rate on your agreement — the "discretionary commission model". This created an incentive to quote you up.
The FCA banned discretionary commission across the motor finance market (PS20/8). Our commission is now fixed by agreement with each lender and cannot vary with your rate.
What you'll see before you sign
- The lender's name and their APR, in writing.
- The commission we receive from that lender — expressed as a £ amount, not a vague range.
- That the commission is paid by the lender and does not change your rate or the total you repay.
- That we work with a limited panel of lenders (a credit broker, not a whole-of-market advisor).
- Your right to a written quotation, a 14-day right to withdraw, and the FCA's Financial Ombudsman path if anything goes wrong.
Who regulates us
Sets and enforces the rules on commission disclosure, affordability and complaints. We fall under CONC (Consumer Credit Sourcebook).
LDDPRO Ltd (WeCarFinance) is an Appointed Representative of Premier Insurance Services Ltd, FCA FRN 305009.
If we can't resolve a complaint within 8 weeks, you can escalate free to the Financial Ombudsman Service.
Sources
Last verified: 20 July 2026. All figures and rules link to the primary regulator or publisher.
- FCA, PS20/8: Motor finance discretionary commission ban and consumer credit commission disclosure, July 2020 (in force 28 January 2021). fca.org.uk
- FCA, PS26/3: Motor finance consumer redress scheme, March 2026. Around 12.1 million agreements may fall in scope. fca.org.uk
- FCA, CONC 4.5: Commissions, Consumer Credit Sourcebook. handbook.fca.org.uk
- Financial Ombudsman Service — free complaints escalation after 8 weeks. financial-ombudsman.org.uk
- Finance & Leasing Association, Consumer finance new business statistics, 2025. fla.org.uk
- MoneyHelper, Car finance explained, Money & Pensions Service, updated 2025. moneyhelper.org.uk
Frequently asked questions
Do I pay WeCarFinance anything directly?
No. There are no broker fees, arrangement fees or admin charges to you. We're paid by the lender when your agreement completes.
Does your commission increase my APR?
No. The FCA banned discretionary (rate-linked) commission across motor finance in January 2021 under PS20/8. Our commission is fixed by agreement with each lender and cannot vary with the rate you're offered.
Will I see the actual £ commission before I sign?
Yes. The exact commission amount for your specific agreement is disclosed in writing on the pre-contract credit information (SECCI) the lender provides before you sign.
Do you get paid more by some lenders than others?
Commission structures vary by lender. To stop that influencing our recommendation, we match you to the lender most likely to say yes on the terms you asked for — not the highest-commission lender. Ask us to walk you through why a specific lender was chosen and we will.
What if I think I've been mis-sold?
Raise it with us first. If we can't resolve it within 8 weeks, you can escalate free of charge to the Financial Ombudsman Service. If you had a motor finance agreement before 28 January 2021 that may have involved discretionary commission, the FCA's redress scheme (PS26/3) may also apply.
Are you a lender or a broker?
A broker. WeCarFinance introduces you to lenders from a limited panel; the lender is the party that makes the credit decision and sets the rate.
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