FCA authorisation and car dealers

[truck71]

Do dealers/brokers need to be authorised by the Financial Conduct Authority?

[truck71]

I wonder how many are. I was also thinking about brokers who are offering to put buyers in touch with sellers quoting discounted prices with and without taking finance etc.

[truck71]

Sarnie said:

truck71 said:

I wonder how many are. I was also thinking about brokers who are offering to put buyers in touch with sellers quoting discounted prices with and without taking finance etc.

If they are transacting the finance themselves then they will have to be and will be on the FCA register.........

Don't think they are transacting, just putting the two parties together having presented the offers.