sm505

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About sm505

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    Independent dealer

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  1. Hi Guys, I've been running a motor trade company for about 4 years now and doing well as I have a niche market and target high end vehicles and only advertise exclusively to a certain market. I currently refer my customers wanting a car on finance to www.zuto.com. However, I've been advised to apply for a Consumer Credit License (Interim Permission) to be able to offer finance directly. I'm wondering if anyone can advise me on this as I have no experience on this and can't seem to get help online either. I'd like to know: 1. What are the benefits of having a consumer credit license? 2. Once I get the CCL then what are the next steps? How to set up an account with lenders? Any recommendations on lenders? 3. Is it worth getting an interim permission or full permission? Any additional information, most welcome. Many Thanks Shah