Blossom Leasing Ltd (T/A Blossom Vehicle Leasing) are a commission-based company, which means we receive payments for business introductions. We are authorised and regulated by the Financial Conduct Authority (FCA). The FCA have made it clear that “commission” refers to any financial remuneration we may receive.
The finance application processing fee, paid by customers at point of order, covers costs related to sourcing the vehicle, processing the order etc. We do not charge for any other broker-related services.
When customers enter into an agreement with one of our lenders/finance providers we will earn a commission once the contract is made live (when the vehicle is delivered to the customer). We work alongside multiple finance providers. Some deals have a fixed amount of commission attached (as determined by the finance provider), and some have variable commission which can impact on prices of the deal offered to the customer. Our commission can be pre-set or variable and has numerous influencing factors such as purchase price, funder rate, interest rates, forecast residual, contract length, initial and monthly rental amounts payable and volume related incentives. Some or all of these factors can effect the amount paid by the customer.
As per the new FCA regulations that came into effect on 28th January 2021, if any customer wishes us to disclose the commission amount, we are happy to do so. Requests for a commission disclosure must be made in writing to us (details below).
FAO: The Directors
Blossom Vehicle Leasing
2 Rutherford Way