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.

Are admin fees included in my settlement figure?

When calculating your settlement figure, all admin fees are included. These include:

  • Removing the finance marker against your vehicle.
  • Removing the interest from your credit file to show it’s completed.
  • The option to purchase fee if you have a PCP agreement.