FCA authorisation and car dealers

FCA authorisation and car dealers

Author
Discussion

Stormfly1985

2,704 posts

167 months

Thursday 28th September 2017
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dane-lr655 said:
Does anyone have any tips about become FCA approved? When i looked at the forms, they wanted business plans and examples of why I was a safe person to be able to offer finance...
Without wanting to be harsh, if you can't work out what you need to have to obtain authorisation you are not ready to be authorised.

MCLARENSLR

321 posts

144 months

Friday 29th September 2017
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Would someone who has bad credit such as ccj etc be allowed to sell cars in dealership?

Butter Face

30,335 posts

161 months

Friday 29th September 2017
quotequote all
MCLARENSLR said:
Would someone who has bad credit such as ccj etc be allowed to sell cars in dealership?
Yes.

We have had to declare such information when completing accreditation though (not me personally but one of my colleagues did have stuff in the past)