How We Make Money

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Updated: June 2024

Young Car Driver is a credit broker. That means it’s our job to connect you with car finance and insurance providers so that you can find the best deal for your circumstances and budget. Our service is entirely free – we don’t charge customers any fees.

We make money each time one of our customers signs a finance agreement or takes out an insurance policy with a provider we introduced them to.

This comes in the form of a commission. Each provider sets the amount of commission we receive, usually either as a fixed fee or a fixed percentage on the amount borrowed. Each provider might pay a different commission depending on the type of finance you choose.

However, it’s important to note that our commission rate doesn’t affect the quotes you receive.

Can I make a commission disclosure request?

You can ask us to disclose the commission we might earn from your transaction at any time before your agreement is signed. We aim to action any requests within five business days.

How do I request a commission disclosure?

Please make any commission disclosure requests in writing by emailing us at team@youngcardriver.com.

How our earnings are regulated

We’re authorised and regulated by the Financial Conduct Authority (FCA). Our reference number is 948436, and you can find us on the FCA Financial Services Register.

As a credit broker, we’re required by the FCA to make sure we tell you:

  • The type of commissions or fees we receive in good time before you sign a credit agreement.
  • The amount (or a reasonable estimate if the precise amount isn’t known) of any commission fee or other remuneration payable by the loan or insurance provider.