Terms of Business
Our Terms of Business
The Financial Conduct Authority (FCA) is the independent body that oversees and regulates financial services within the UK. The following important information is provided to individuals considering acquiring specific financial products and warrants your careful attention. It outlines the nature of the service we are offering and how our services are remunerated.
Whose products do we make available?
Evogo Asset Finance acts as an independent credit Intermediary. We collaborate with a diverse panel of reputable asset lenders to present you with a range of competitive finance options. A comprehensive list of the asset finance providers we work with is available upon request. It’s important to be aware that there are other lenders operating in the market that are not part of our panel, and we encourage you to explore alternative sources of credit to ensure you find the most suitable option for your needs.
What service will we provide to you?
To help you identify suitable finance products, we will ask you relevant questions to understand your requirements and narrow down the available options. We will then explain the key features of the products we present, enabling you to make an informed decision on how to proceed. Please do not hesitate to ask us for clarification at any point if anything is unclear. However, it’s important to note that we will not provide you with financial advice or a specific recommendation.
We strongly advise you to thoroughly read the terms and conditions of any finance agreement before entering into it. If any aspect of the terms and conditions is unclear to you, we recommend seeking independent legal advice.
Please be aware that we are unable to proceed with an introduction to a lender unless we are satisfied that you fully understand the terms and conditions of the finance you are applying for. This measure is in place to protect both you and ourselves.
What will you pay us for our services?
No direct fee is payable to Evogo Asset Finance for our broking services.
The cost of funds applicable to your finance agreement is typically influenced by factors such as the age of the asset and the amount you wish to borrow. These factors can also affect the commission we receive from the lender for facilitating the agreement.
We work with a panel of lenders, and the commission rates paid by these lenders may vary.
Prior to progressing with an approved application you be will required to approve and sign a commission disclosure disclaimer that will outline how much commission EAF will receive for our services in facilitating this financial introduction. Should you decline to sign this disclaimer we will be unable to continue with your agreement.
By proceeding with our services, you acknowledge that we will receive commission from the lender for introducing you to them, and you have no objection to us receiving this remuneration.
If your details were initially provided to us by one of our approved introducers, they may also receive a portion of the commission we receive from the lender. Please note that we are not affiliated or linked in any ownership capacity with any of the lenders on our panel.
For finance products regulated by the FCA, you will receive Pre Contract Credit Information either upon request or before entering into any contractual agreement. This document will detail any additional fees associated with the specific product.
Our Commitment to Good Consumer Outcomes:
At Evogo Asset Finance, our primary aim is to consistently achieve positive outcomes for our customers. To ensure this, we are committed to:
- Conducting our business with the utmost skill, care, and integrity.
- Never allowing our interests to compromise our primary duty to you.
- Handling any complaints with empathy and impartiality, independent of the individual involved in the issue.
- Maintaining transparency regarding our remuneration.
- Respecting the confidentiality of your information.
Your Responsibilities:
To enable us to effectively fulfil our responsibilities to you, it is essential that you:
- Carefully read all documentation we provide and promptly inform us if anything is unclear or does not accurately reflect your requirements.
- Adhere to the terms and conditions of any finance agreement we arrange on your behalf.
Who regulates us?
Evogo Asset Finance is a trading style of Evogo Limited, 201 Upwell Street, Sheffield, S4 8AL is authorised and regulated by the Financial Conduct Authority. Our FCA Authorisation Number is 669005
Our permitted business activities include:
Consumer Credit Business.
- Credit broking.
- Debt Adjusting – Limited to adjusting settlement of asset finance.
- Debt Counselling – Limited to counselling settlement of asset finance.
You can verify our regulatory status on the Financial Services Register by visiting the FCA’s website: [Insert FCA Register Link Here] or by contacting the FCA directly on 0800 111 6768 (freephone) or 0300 500 8082 from within the UK.
Privacy, Data Protection and Confidentiality
Our Privacy Notice, which details how we handle your personal data, is provided separately from these terms of business. See here :- www.evogoassetfinance.com/privacy-policy/
We are registered with the Information Commissioner’s Office (ICO) under the Data Protection Regulations and comply fully with the requirements of these regulations. The information you provide to us is used to obtain quotations and arrange finance with a lender. You have the right to withdraw your consent for the use of this information. Before or after you enter into a finance agreement, the lender will conduct a credit search with a credit reference agency to assist in their credit decision making process. If you are a company or partnership, they will also make enquiries about the principal director(s) or partner(s) with a credit reference agency. Comprehensive details regarding the lender’s use and disclosure of your information will be outlined in the terms and conditions of your finance agreement, which you should read carefully before signing.
All customer records are treated with the strictest confidence and are considered private. Evogo Asset Finance reserves the right to provide you with copies of your specific records rather than granting access to files containing information about other clients. If you wish to see your records, please send a written request to [email protected]
We are legally obligated to verify your identity in accordance with the Proceeds of Crime Act 2002 (POCA) and the Money Laundering Regulations 2017.
