Octane Vehicle Leasing

Information Notice

We are Reliance Vehicle Management Limited trading as Reliance Vehicle Leasing. Reliance Vehicle Management Limited is a company registered in England no 07531501 whose registered office is at c/o RBK, Lymedale Business Centre, Hooters Hall Road, Newcastle Under Lyme, Staffordshire, ST5 9QF and trading address is at The Old Smithy, Brooks Lane, Middlewich, Cheshire, CW10 0JH.

We are a Franchisee of the Bridle Group which is a trading division of Hanborough Enterprises Ltd to whom we introduce our business under our Franchise Agreement. We are an Appointed Representative of Hanborough Enterprises Limited who is authorised and regulated for consumer credit activities and insurance distribution by the Financial Conduct Authority. Our Firm Reference Number is 937132. Hanborough Enterprises Limited’s Firm Reference Number is 631448. You can check this information at www.fca.org.uk

We are a vehicle finance broker and offer a range of vehicle finance products and services, provided by our panel of lenders. We are not a funder or a lender. We provide a service of providing information regarding the products offered by our funders and introducing you to them for the provision of finance. We do not provide independent financial advice. We may be paid a commission for introducing you to a funder. Our commission amount is capped at a percentage of the taxable list price of the vehicle. We may also receive an extra amount based on how much business we give to the lender and the quality of the business that we introduce to them. The higher the amount that we receive in commission, the more you will pay to hire or finance your vehicle. You may have the right to ask us to disclose the amount that we will receive from providing our service and details of this can be obtained by calling us or referring to our Commission Disclosure Policy on our website.

Reliance Vehicle Management Limited is registered with the Information Commissioners Office for the processing of data under The Data Protection (Charges and Information) Regulations 2018. Our Data Protection registration number is Z274699X. You can check this information at www.ico.org.uk

We are a broker member of the British Vehicle Rental and Leasing Association and abide by their Code of Conduct. For further information visit www.bvrla.co.uk

Our charges

We make a charge for the service that we provide:

New Orders

We will charge an administration fee of £199 including vat (£165.83 plus vat) for our Brokering Services when you place an order.

Order Cancellation

We will charge a cancellation fee of £600.00 including vat (£500.00 plus vat). If you are a regulated customer, you have the right to cancel the order within 14 days from the date of order without penalty in accordance with the Consumer Contracts Regulations. A cancellation received after 14 days will result in a cancellation fee. Please note that the supplying dealer of the vehicle may also levy a cancellation charge and we will notify you of this within 2 working days of your cancellation.

Reschedules

We will charge an administration fee of £114.00 including vat (£95.00 plus vat) for our services when we arrange a reschedule of your agreement. Please note that certain rules apply as to when a reschedule may take place and not all funders will reschedule an agreement. Please speak to us if this may be important to you.

Extensions

We will charge an administration fee of £114.00 including vat (£95.00 plus vat) for arranging the extension of your agreement.

Invoices in respect of our fees are issued on our behalf by our Franchisor and are payable within 7 days. Payment may be made either online using a debit card or by direct bank transfer.

Please speak to us if you are unsure of the contents of this Information Notice.

We are a credit broker of vehicle finance. We are not a funder or lender.