Economy Hire: Our Approach to Finance Arrangements
At Economy Hire, we aim to make the process of securing finance for your van hire or purchase as straightforward and transparent as possible. Below, we outline our approach to financial arrangements to help you make informed decisions.
Economy Hire operates as a credit broker, not a lender. This means we facilitate access to finance options through our lending partners but do not provide impartial or independent financial advice or recommendations.
We do not offer a whole-of-market financial solution. Instead, we work with a select panel of lenders to provide tailored finance options. This ensures a streamlined process, though it means we do not explore every potential lender in the market.
We have commercial agreements with lenders such as MotoNovo and others. These agreements may include incentives such as:
These arrangements encourage us to refer business to our partnered lenders first. As a result, we cannot claim to provide impartial financial advice, as our recommendations are influenced by these relationships.
We work with a limited lender panel to offer finance options that suit most needs. If we do not search the full panel for quotations, we will explain the reasons based on your specific circumstances.
In some cases, we may refer your application to a finance broker. If this occurs, we will inform you of the broker’s details and explain when and why the referral is being made. Additionally, we ensure any finance brokers we work with comply with their obligations, including disclosing commissions and obtaining your fully informed consent.
We will receive a commission payment from finance providers should you decide to enter into a finance agreement with us.
Our commitment to transparency ensures that you understand how our financial processes work, including any commissions received and how these may influence our recommendations.
If you have any questions or require further clarification about our finance arrangements, please do not hesitate to contact our team at Economy Hire.
