MotoNovo Finance

Discretionary Commission Arrangement (DCA) Complaints

On 11 January 2024, the Financial Conduct Authority (FCA) announced that it’ll be carrying out a review into discretionary commission arrangements within the motor finance industry.​ For more information, please click here.

Important update: We're back open for business

Following the UK Court of Appeal judgment on Friday 25th October, we took the decision to pause new business from Monday 28th October while we worked to mitigate the legal implications to protect our dealers, brokers and customers.

We have now made the necessary adjustments to ensure the business can operate within the legal requirements set out in the judgment and are now open for new business in MotoNovo. We do understand the pause to new business created challenges for you, and we thank you for your patience and support while we have been navigating the impact of the judgment.

I can't afford my agreement. What should I do?

We’re sorry to hear that you can no longer afford your agreement. There are options and support available to you at this time. Take a look at our Ending Your Agreement Early guide for more details.

Please remember that you are liable for all payments until the agreement is completed, and missed or late payments can affect your credit file, incur fees/ charges and we may contact you about your arrears.