What is a broker?
What is a vehicle leasing broker?
Citygate Leasing are a vehicle leasing broker. A vehicle leasing broker is an intermediary between consumers and vehicle leasing companies. We help individuals and businesses navigate the leasing process, helping find the best options for the customers' needs. With our expertise in the automotive market and with major leasing companies, we simplify the leasing experience, saving you time and money.
Why use a broker?
Brokers use their relationships within the industry to find the best deals that wouldn't be available elsewhere.
This can include high manufacturer discounts and preferred leasing terms.
With our extensive network, we may be able to find you a vehicle at short notice.
Our site automatically shows the best leasing deals for each vehicle from our panel of leasing companies.
We have a simple customer journey that is entirely digitised via our website.
What do we do?
Consultation and needs assessment.
-
We begin by understanding your requirements, preferences and budget.
- We can advise you on vehicle type, lease duration, mileage requirements, and monthly payments to present you with tailored leasing options.
Market research
- Brokers use their industry knowledge to extensively research lease deals from various providers.
- We regularly compare offers to find our customers the best terms and rates which wouldn't be available to them directly.
Administration
- The leasing process can be confusing for many leasing companies in the market.
- We help navigate these companies' processes, supporting them with administration to ensure that agreements are transparent and compliant.
Ongoing support
- After the lease is signed, we can continue providing support throughout the lease term, assisting with any questions or issues.
Negotiation
- With strong negotiation skills, our leasing team work to secure favourable lease terms on your behalf, getting the best prices on monthly rental, mileage limits and maintenance packages.
- Our expertise can lead to significant savings and improved conditions.
Regulatory requirements for vehicle leasing brokers in the UK
To operate legally in the UK, all vehicle leasing brokers must adhere to specific regulations that ensure consumer protection and fair practices:
-
Authorisations: Brokers must be authorised by the Financial Conduct Authority to operate
-
Compliance with UK laws: Brokers must comply with various regulations, including the Consumer Credit Act and the Data Protection Act, which govern consumer rights and data handling.
-
Disclosure requirements: Brokers must provide clear and accurate information about comissions, lease fees, terms and conditions, ensuring clients are well-informed before signing agreements.
-
Consumer protection standards: UK consumer protection laws apply to vehicle leasing, ensuring brokers adhere to ethical treatment and honesty.
When using a broker, make sure they are FCA registered, this can be found on the FCA's website.