Close to our heart
We are proud to work in partnership with several Armed Forces organisations to further support our military community.
Find out more about these partnerships by clicking the logos below.
This information relates to the activities undertaken by Forces Cars Direct Limited.
About our financial services
The Financial Conduct Authority (FCA) is the independent watchdog that regulates financial services. Use this information to decide if our services are right for you.
Our business is committed to treating our customers fairly and ensuring our products and services are suitable for their needs. Treating Customers Fairly (TCF) is a core part of our culture and philosophy and you can review our commitment to it by asking for a copy of our TCF policy statement.
We act as a credit broker not a lender. We can introduce you to a limited number of lenders or hire companies who may be able to assist you with your requirements. We will only introduce you to these lenders or hire companies. The finance products we can offer you and the finance providers we predominantly use are detailed in the appendix of this document.
We may receive a commission payment from the finance or hire provider if youdecide to enter into an agreement with them. The nature of this commission isas follows: we receive a commission based on a percentage of the total amountof finance taken by the customer or we receive a volume bonus if the number ofsales we achieve reaches a specific target. The lenders we work with considerthat the commission earned reflects the work carried out by us as the broker.This includes advertising the finance option, coordinating with the lender toarrange financing, and handling administrative tasks such as completingproposals, processing orders, and managing delivery. Commissions help coverthese operational costs, allowing brokers to provide their services without directfees to customers. This will not affect the amount you pay. We will disclose theamount of any commission received prior to you signing your credit agreement.
You may be able to obtain funding for your purchase from other providers and you are encouraged to seek alternative quotations and details of their products by researching on the high street, in the media and online.
We will collect a processing fee of £195 which is payable before you enter the agreement. You will receive a separate communication regarding this which you must sign and return to us if you would like to proceed with our services. All charges that you will pay including, interest, documentation fees or rentals, where applicable, will be clearly shown on the finance or hire agreement.
You should carefully consider the amount of time you need to review theinformation and documentation with which you have been presented, andensure you understand your commitments under the agreement. You shouldalso consider if it is advisable for you to have someone you know to help youmake your decision. This is particularly important if you have any health issues,difficulty in understanding information, or there have been any recent lifeevents that could affect your ability to fully understand the information anddocumentation. Please advise us if this is the case and we can then proceedwith your requirements in the most appropriate way.
You should assess the monthly payments you are required to make throughoutthe agreement and ensure you are able to meet these and other obligations youalready have without suffering undue hardship. If you are aware of any futureevents that will affect your ability to meet these payments, you should ensurethe finance provider is informed immediately.
Your credit rating could be adversely affected if you do not make paymentswhen due which could make it harder or more expensive for you to accessfinance facilities in the future.
Forces Cars Direct Limited trading as Black Gold Vehicles, Cars Direct, ForcesLeasing, Motor Source Leasing and Motorsource is authorised and regulated bythe Financial Conduct Authority; registration number 672273. Forces Cars Direct Limited address is Building 2, Alumina Court, Tritton Road, Lincoln, Lincolnshire, LN6 7QY.
You can check this information on the FCA register by visiting www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.
If you wish to register a complaint, please contact us:
If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. If you cannot resolve a complaint with us, you may be entitled to refer it to the Financial Ombudsman Service whose contact details are set out below:
Throughout the process of administering services for you we will need to collectpersonal information from you and pass this information to one or more thirdparty organisations in order for them to supply any services you request. Thismay include passing this information to one or more potential lenders or creditbrokers to enable them to make a credit decision. These lenders may use yourinformation to conduct an affordability and credit worthiness assessment andwill do so using the consent given by you. This may include sharing yourinformation with credit reference agencies and other companies for use incredit decisions and fraud prevention. For full details of where your informationwill be sent, and the purpose for doing so, or to cancel your consent for theprocessing of your personal data, please contact us. In cases where your initialapplication may be refused by the most suitable lender, your application may bereferred to other lenders or credit brokers who may also share information withcredit reference agencies in order to assess your application for finance. Thoselenders or credit brokers will not use your personal information to provide youwith promotional or marketing material, unless you opt-in to receive thismaterial directly with them.
A copy of our privacy policy, which details how your information will beprocessed and your rights, is freely available upon request. To request thisinformation please contact us:
To request this information please contact us:
Personal Contract Plan (PCP)
Ownership options
Restrictions/potential extra costs
A limit is set on the annual mileage of the vehicle. If you exceed this limit and want to return the vehicle at the end of the agreement, you will pay excess mileage charges. If the vehicle is damaged, you may have to pay damage costs if you hand the vehicle back with damage. Because you do not pay all the amount borrowed in equal instalments during the term of the agreement, you may pay more interest when compared to a HP agreement for the same term. You can not sell the vehicle until the finance has been paid off in full. You will need to service and insure the vehicle in line with the terms of the agreement.
Payment and equity
A Guaranteed Minimum Future Value (GMFV) is set which reflects the value of the vehicle taking into account the age and mileage at the end of the agreement. This amount is not paid off during the term of the agreement and therefore you may benet from lower monthly payments during the term of the agreement and/or a lower deposit. However, this may result in you having lower or no equity in the vehicle at the end of the agreement if you decide to hand back the vehicle or part exchange it. As you pay the finance at a slower rate due to the GMFV not being paid during the term of the agreement, this could increase the likelihood of you owing more money than the vehicle is worth if sold before the end of the agreement.
Personal Loan
Ownership options
Restrictions/potential extra costs
There are no restrictions on how you maintain or use the vehicle as the finance agreement is separate to the vehicle i.e. the loan is not secured on the vehicle. However, you may have less protection than with a hire purchase or lease agreement where you can refer certain problems with the vehicle to the lender.
Payment and equity
Flexible terms may allow you to finance the vehicle over a longer period than leasing and PCP. By increasing your deposit you will lower the monthly payment. As the amount borrowed is paid off in equal instalments during the term of the agreement, it is more likely you will have a higher amount of equity than a PCP agreement for the same term. However, if you decide to sell the vehicle before the end of the agreement, it is advisable to pay the agreement in full (less an interest rebate) which will reduce the amount of equity you have in the vehicle and particularly in the early stages of the agreement could mean the vehicle is worth less than the amount of finance outstanding.
Hire Purchase
Ownership options
Restrictions/potential extra costs
There are usually no mileage restrictions though you will need to check your agreement. Excess mileage charges will not apply. You can not sell the vehicle until the finance has been paid off in full. You will need to service and insure the vehicle in line with the terms of the agreement.
Payment and equity
Flexible terms may allow you to finance the vehicle over a longer period than leasing and PCP. By increasing your deposit you will lower the monthly payment. As the amount borrowed is paid off in equal instalments during the term of the agreement, it is more likely you will have a higher amount of equity than a PCP agreement for the same term. However, if you decide to sell the vehicle before the end of the agreement, you will have to pay the agreement in full (less an interest rebate) which will reduce the amount of equity you have in the vehicle and particularly in the early stages of the agreement could mean the vehicle is worth less than the amount of finance outstanding.
Conditional Sale (CS)
Ownership options
Restrictions/potential extra costs
There are usually no mileage restrictions though you will need to check your agreement. Excess mileage charges will not apply. You can not sell the vehicle until the finance has been paid off in full. You will need to service and insure the vehicle in line with the terms of the agreement.
Payment and equity
Flexible terms may allow you to finance the vehicle over a longer period than leasing and PCP. By increasing your deposit you will lower the monthly payment. As the amount borrowed is paid o in equal instalments during the term of the agreement, it is more likely you will have a higher amount of equity than a PCP agreement for the same term. However, if you decide to sell the vehicle before the end of the agreement, you will have to pay the agreement in full (less an interest rebate) which will reduce the amount of equity you have in the vehicle and particularly in the early stages of the agreement could mean the vehicle is worth less than the amount of finance outstanding.
Leasing
Ownership options
Restrictions/potential extra costs
A limit is set on the Annual Mileage of the vehicle. If you exceed this, you will pay excess mileage charges at the end of the contract. If the vehicle is damaged, you may have to pay damage costs when you hand the vehicle back. If you want to terminate the agreement early, you may have to pay all outstanding rentals and therefore you should take care in matching the term of the agreement to your expected requirements.
Payment and equity
As you are only using not purchasing the vehicle and therefore not paying for the full value of the vehicle, you will not have any equity in the vehicle when the agreement ends. Payments may be lower than some other forms of finance over the same period because you are not paying for the full value of the vehicle.
Finance Providers
The finance providers we predominantly work with are:
We are proud to work in partnership with several Armed Forces organisations to further support our military community.
Find out more about these partnerships by clicking the logos below.
We provide new car discounts for all
Armed Forces personnel, past and present.
To discover the discounts available for you and to find your ideal car, please select your eligibility from the list below:
Not sure if you’re eligible? Find out if you are here