Kia Finance. Summary Reference Guide. Financial Promotions

Transcription

1 Kia Finance Summary Reference Guide Financial Prmtins Valid Frm July KF Fin Prms Guide July 2017

2 Cntents & Intrductin The Cnsumer Credit (Advertisements) Regulatins 2010 have been incrprated int the FCA Handbk tgether with sme f the Office f Fair Trading guidance under Sectin 3 f the Cnsumer Credit Surcebk, knwn as CONC. CONC cntains rules and guidance, hwever, guidance shuld be treated as a rule and nt as an ptinal requirement. With the mve t regulatin by the FCA, standards will be raised and the FCA will take a strnger line n cmpliance. The verarching FCA rule in place, CONC 3.3.1, requires financial prmtins t be clear, fair and nt misleading. The rules and guidance n financial prmtins can seem cmplicated and carry the risk f heavy fines, the lss f yur interim permissin/fca authrisatin r in extreme circumstances, imprisnment if yur financial prmtins d nt cnfrm. This guide is a summary and is designed t help yu make sense f the regulatry requirements fr financial prmtins featuring autmtive finance. It s an easy t use reference guide cvering the key d s and dn ts t try t help yu avid breaching the regulatins. This guide is applicable t Kia Finance nly and cvers retail credit and hire financial prmtins nly. Befre yu release any frm f financial prmtin yu shuld seek independent legal advice. 1. General Financial Prmtins Guidelines 1.1 Trading Practices 1.2 False r Misleading 1.3 Phtgraphs and images 2. Cntent f Financial Prmtins Understanding the basics 3. Using the Annual Percentage Rate (APR) 3.1 What is the Representative APR? 3.2 When t shw a Representative APR 3.3 The Representative APR must be 3.4 Understanding when a Representative Example is required 3.5 Prminence 3.6 Multiple Prducts and Representative APR 3.7 0% APR exemptin 4. Financial prmtins n the Internet/ 4.1 General guidance 4.2 Pp Up and Banner adverts 4.3 Click Thrugh s 5. Terms and Cnditins / the Small Print 6. Cntract Hire 6.1 Business Cntract Hire 6.2 Persnal Cntract Hire 2016 KF Fin Prms Guide July 2017

3 1. General Financial Prmtins Guidelines The FCA rules (CONC) n financial prmtins are discussed in detail thrughut this guide. Please ensure yu seek independent legal advice shuld yu have any queries and befre yu publish any financial prmtins under these regulatins. There are a number f ther regulatins and guidelines that als apply t all advertisements including financial prmtins. These include: The Cnsumer Prtectin frm Unfair Trading Regulatins 2008 The Business Prtectin frm Misleading Marketing Regulatins 2008 CAP Cde and BCAP Cde ( Advertising Cdes ) 1.1 Trading Practices The Cnsumer Prtectin frm Unfair Trading Regulatins 2008 and the Business Prtectin frm Misleading Marketing Regulatins (tgether the Regulatins ) apply t all frms f advertising including the advertising f credit and hire t bth cnsumers and businesses. They make it a necessity t ensure that all custmers are treated fairly and hnestly at all times. Therefre, frm the first cntact with the custmer t the cmpletin f the sale and beynd, the fllwing guidelines must be adhered t: Never prvide custmers with infrmatin that culd be misleading Ensure all key and relevant infrmatin (including all exclusins) is included when prviding an ffer Never sell aggressively Never try t persuade a custmer t act against their will Ensure that all financial prmtins cnvey all the relevant infrmatin, truthfully and cmprehensively, t enable custmers t make their decisin withut any risk f undue influence r deceptin False r Misleading Clear, fair and nt misleading: Effective frm 2 Nvember 2016, the requirement that the cmmunicatin must be clear, fair and nt misleading has been upgraded frm guidance t a rule. CONC will therefre nw read: A firm must ensure that each cmmunicatin and each financial prmtin: - Is clearly identifiable as such; - Is accurate; - Is balanced and, in particular, des nt emphasize any ptential benefits f a prduct r service withut als giving a fair and prminent indicatin f any relevant risks; - Is sufficient fr, and presented in a way that is likely t be understd by, the average member f the grup t which it is directed, r by which it is likely t be received; and - Des nt disguise, mit, diminish r bscure imprtant infrmatin, statements r warnings.

4 A firm must ensure that, where a cmmunicatin r financial prmtin cntains a cmparisn r cntrast, the cmpassin r cntrast is presented in a fair and balanced way and is meaningful. The Regulatins, CONC and the Advertising Cdes set ut numerus aspects that must be cmplied with and sme f these key pints are highlighted: Financial prmtins must nt cntain any statements which are unclear, unfair, false r misleading abut the prduct specificatin, price r gds. e.g. if free insurance is nly available when finance is btained with Kia Finance then this fact must be stated, therwise a custmer may be led int believing that they are entitled t free insurance if they buy a vehicle fr cash. All minimum finance depsit requirements that are mre than 10% must be stated clearly in the bdy cpy. Where the term is exceptinal, unusual r chice f terms is restricted it must be stated in the bdy cpy. e.g. Bdy cpy: available ver 25 mnths The available duratin ptins f the cntract must be stated in the small print if there is nt a specific representative example applied. Are there any restrictins? e.g. If the ffer is nly available t certain peple r with a certain derivative f car then this must be made clear in the financial prmtin as part f the main bdy cpy. 2 Additinal vehicle csts. The ttal cst f the vehicle shwn fr any financial prmtins must be included in all mnthly payment r finance example calculatins. This is t include metallic paint, accessries, etc. Any envirnmental claims must be based the whle life time f the prduct and abslute claims must be highly substantiated. The benefit f safety claims t the cnsumer must nt be exaggerated. 1.3 Phtgraphs and images The car featuring in the financial prmtin shuld always be the ne pictured. This includes the cst f metallic paint and any accessries. Finance examples displayed must be fr the vehicle pictured, nt a different specificatin derivative. Vehicles pictured must be t UK specificatin and right hand drive. Financial prmtins (including radi and televisin advertisements) must ensure there is n indicatin f excessive speed and that driver and passenger are bserving all safety requirements, such as wearing a seatbelt. Financial prmtins must nt cndne r encurage unsafe driving.

5 2. Cntent f Financial Prmtins Understanding the basics All financial prmtins must: 1. Cmply with the CONC, the Cnsumer Credit Act 1974 and all ther applicable legislatin. 2. Be clear, fair and nt misleading. 3. Use plain language that is easy t understand. 4. Be easily legible. 5. Radi, televisin r cinema financial prmtins must be clearly audible and the text / wrding that is n screen has specific separate requirements ensure yu seek independent legal advice shuld yu have any queries and befre yu publish any financial prmtins using these media. 6. Specify wh is making the financial prmtin including their full trading name, legal entity name (as set ut in the financial services register) and pstal address which will be that f the dealer in cases where they are releasing the advert. 7. In additin t pint 6, specify the identity f the lender, fr example Kia Finance RH2 9AQ. Key Pints: Headline must be clear and nt misleading be aware f using any item that wuld then result in a full representative example being required. (see sectin 3.2 belw) Vehicle image and cst must match the ffer shwn 3 Bdy cpy describing the vehicle and ffer must be clear and nt misleading again be aware f using any item that wuld then result in a full representative example being required. (see sectin 3.2 belw) Bdy cpy must include an incentive t take finance when including a Representative APR nly. Otherwise a full representative example must be used Bdy cpy must state the finance prduct being prmted if the ffer is available n nly ne prduct type: e.g. Cnditinal Sale Finance examples must utline key finance details (see sectin 3.4 belw) Dealership trading name and address must be shwn in all adverts as the name f advertiser Minimum financial prmtin Small Print see als sectin 5 belw: Must include: T&Cs apply. Subject t status. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ.

6 Dealer status disclsure must be included prminently in the small print n dealer financial prmtins: Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin Resulting in: Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ. Depsits. If a financial prmtin is subject t a minimum depsit f mre than 10% then this must be clearly stated: As part f main bdy text unless it is part f the finance table. If the depsit used in the qutatin is greater than the minimum percentage yu will need t state this in the main bdy text. If the prduct has a zer depsit ptin then yu d nt need t state the depsit requirement in the prmtin. The mnthly payment may nly be shwn withut a full representative example where the Representative APR is 0%. In additin t the mnthly payment, the term, depsit and ptinal final payment if PCP shuld be stated in the bdy cpy. The Representative APR must have at least equal prminence t all ther finance infrmatin Where the mnthly payment is shwn as abve, in 0% APR cases withut a full Representative example, reference t the excess mileage charges must be made in the small print: e.g. Based n xxxx miles per annum; excess mileage charge f 14.9p per mile applies. 4

7 3. Using the Annual Percentage Rate (APR) There are specific rules relating t hw yu qute, shw and calculate a Representative APR. 3.1 What is the Representative APR? The Representative APR is the rate at r belw which that the advertiser reasnably expects at least 51% f custmers wh enter int credit agreements made as a result f the financial prmtin t have. The advertiser shuld be able t demnstrate hw the decisin was made and n what assumptins and that this was reasnable. As a result, this is a rate that shuld nly be calculated in cnsultatin with Kia Finance. 3.2 When t shw the Representative APR: The Representative APR must be included in any financial prmtin which: Indicates that credit is available t persns wh might therwise cnsider their access t credit restricted; r Indicates that the terms are mre favurable than thse available frm any ther surce r in any ther case, fr example if they are available fr a limited perid f time r are the best in the market place; r Includes an incentive t apply fr r enter int the credit agreement (e.g. a free gift, cash back, free insurance, depsit cntributin r a reference t the speed r ease f gaining credit etc.) The incentive must nly be available t peple entering int credit and nt als available t peple paying cash The Representative APR must be: shwn as XX.X% APR Representative r Representative XX.X% APR accmpanied by wrd Representative (either befre r after XX.X% APR ) given at least equal prminence as any favurable term r ther rate f charge r incentive (the wrd Representative r letters APR d nt need t cnfrm t the same size and prminence regulatins as the numerical rate and the percentage sign itself, but must remain clear and legible)

8 3.4 Understanding when a representative example is required If the financial prmtin cntains any rate f interest r any figure relating t the cst f credit, e.g. a mnthly payment and ttal amunt payable, yu are required t include all ther specified finance infrmatin in a representative example (full table). As 0% APR includes n cst f credit, this is the nly time that a mnthly payment may be shwn withut a full representative example. In additin t the mnthly payment the term, depsit and ptinal final payment if PCP shuld be stated. The representative APR must be displayed with at least equal prminence than the payment, term, depsit and ptinal final payment. The representative example cntents shuld be based n the vehicle shwn in the advert. If mre than ne vehicle is included, the representative example will be the example that yu expect at least 51% f peple t enter int as a result f the financial prmtin (the ffer which yu expect t have the highest take-up). See multiple prducts 3.6 fr mre infrmatin. A representative example table must be headed by the prduct type and representative example and include all f the items listed belw tgether with a prduct and vehicle descriptin (e.g. Persnal Cntract Purchase representative example) : The amunt f each repayment f credit need t shw mnthly payments and any ther ne ff payments such as Optinal Final Payment. Depsit Custmer depsit. Depsit Cntributin Any depsit cntributin r allwance paid by the advertiser in additin t the custmer depsit. Ttal Depsit Custmer and Cntributin cmbined. Cash Price The ttal cash price f the vehicle shwn, including metallic paint and any additinal csts, Ttal Amunt f Credit The amunt f credit under the agreement. Ttal Charge fr Credit Details f any fees r charges included in the ttal charges. The nature f the charge and the amunt shuld be stated fr each charge e.g. interest/fees. Optinal Final Payment If Applicable and listed as Optinal Final Payment Ttal Amunt Payable The amunt f mney the custmer wuld pay under the agreement. Rate f Interest per annum Must be expressed as a fixed r variable percentage, applied n an annual basis. Duratin f the Agreement Length f the agreement in mnths. Annual Mileage anticipated annual mileage fr PCP agreement Excess Mileage Charge as pence per mile Representative APR the Representative APR must be shwn in the finance table. This shuld be displayed as xx.x% APR Representative. 6

9 Representative Example templates: Include vehicle descriptin if nt clear in bdy cpy Cnditinal Sale Representative Example 36 Mnthly Payments f Custmer Depsit On The Rad Price 17, Amunt f Credit 8, Interest Charges 3.04 Ttal Amunt Payable 17, Fixed Rate f Interest Duratin f Agreement Representative APR 2.55% p.a. 36 mnths 4.9% APR Include vehicle descriptin if nt clear in bdy cpy Persnal Cntract Purchase Representative Example 42 Mnthly Payments f Custmer Depsit 3, Depsit Cntributin 1, Ttal Depsit On The Rad Price 17, Amunt f Credit 12, Interest Charges 1, Optinal Final Payment 6, Ttal Amunt Payable 19, Fixed Rate f Interest Duratin f Agreement 2.55% p.a. 43 mnths Annual Mileage 9,000 Excess Mileage Charge per mile 14.9p Representative APR 4.9% APR Prminence Prminence is deemed t be the amunt that the item stands ut t the custmer. This includes clur, psitin, text size, capitalisatin, underlining and blding. This is nt an exhaustive list. When the Representative Example is included, all the required infrmatin shuld be clear and cncise and must have at least equal prminence. Usually this is in the frm f a table (as abve) t ensure it is clear t the custmer.

10 Cherry Picking: When a representative example is included, individual items within the table must nt be shwn utside f the table, either in the headline r cpy. This repetitin gives greater prminence t the cherry picked items, and the regulatins state that all items in the representative example must be shwn tgether, as a whle with equal prminence. Therefre, if yu are shwing a psitive rate f credit e.g. 4.9% APR, all the financial infrmatin must be included in a full representative example nly. The Representative APR must be f at least equal prminence t the payment, term, depsit and ptinal final payment. 0% APR: This is the nly exceptin t the cherry picking rule abve. As there is n cst f credit, infrmatin may be shwn withut the full representative example.and the infrmatin shwn here must still frm part f the main bdy f the prmtin 3.6 Multiple Prducts and Representative APR There can nly be ne Representative APR in a financial prmtin which can make it difficult t advertise multiple prducts and APRs in ne dcument / n ne page. Displaying tw r mre vehicles with the same APR n ne page; each ffer must be cmpliant in its wn right where ne Representative APR (the same figure may be repeated if the prduct and APR are the same) r example template must be shwn (see sectin 3 abve) Displaying tw r mre vehicles with differing APRs n ne page: clearly separate each ffer / vehicle each ffer must be cmpliant in its wn right ne Representative APR r example must be shwn e.g. the representative APR must be f at least equal prminence than any ther APR figure shwn(see sectin 3 abve) the wrd Representative can nly be shwn in the selected representative example Where multiple finance tables are shwn, there must be ne representative example. In additin: clearly separate each ffer / vehicle each ffer must be cmpliant in its wn right ne Representative APR r example must be clearly labelled as the representative example. (see sectin 3.0) the wrd Representative can nly be shwn in the selected representative example 8 As a result f the cmplexity f advertising multiple vehicles and APRs, the Representative APR is a rate that shuld nly be calculated in cnsultatin with Kia Finance.

11 3.7 0% APR The exceptin being 0%. Where the APR is a simple 0% APR, and nt representative, will remve any prminence and incentive requirements that apply t an APR that is Representative. This means that 0% APR can be stated within a financial prmtin withut having t state it as being representative. Where the APR is a simple 0% APR, and nt representative, this will remve any prminence and incentive requirements that apply t an APR that is Representative. 4. Financial prmtin n the Internet/ 4.1 General Guidance A financial prmtin n the Internet is treated in the same way as any ther type f financial prmtin and has t cmply with these guidelines n a stand-alne basis. Where a full finance table is included, all the financial infrmatin must be shwn tgether as a whle and with equal prminence, with the Representative APR being the same size as these items, but with the Representative Example having at least equal prminence than any ther piece f financial infrmatin r incentive. Each financial prmtin will need t satisfy the requirements n a stand-alne basis. If the financial infrmatin is split and a click thrugh t anther page is used t view the rest f the required infrmatin, this wuld be cnsidered a breach f the regulatins. As a minimum the fllwing small print must be included in internet financial prmtins: 9 Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ. Smetimes, depending n the cnfiguratin f the screen, it may be necessary t scrll dwn t see all f the infrmatin. Hwever All the infrmatin must still be shwn tgether as a whle Minimum finance small print must be included as shwn abve Yu must nt deliberately make it difficult fr a user t see all the necessary infrmatin Try and avid the need t scrll where pssible. 4.2 Digital Financial Prmtins Digital Financial prmtins shuld be treated exactly the same as any ther financial prmtin and must be stand-alne cmpliant. Hwever, when a financial prmtin falls under ne f the fllwing categries f digital financial prmtin (The Restrictive Mediums ) Kia Finance chses t replace its full finance small print with a sign pst:- Mbile ptimised digital banners Tablet ptimised digital banners Single frame desktp digital banners Scial media

12 Spnsred search engine results Whilst Kia Finance ensures that all ther bdy cpy requirements are adhered t in a Restrictive Medium the full finance small print is replaced with T&Cs apply. Kia Finance des this n the prvis that there is a) a fully cmpliant display f the ffer n a linked landing page and b) full finance small print is displayed either ne click away r via a pp up r light bx within the prmtin itself. Kia Finance nly adpts this apprach fr Restrictive Mediums where t include full terms and cnditins wuld, in its pinin, undermine its effrts t achieve the FCA s verarching principle f being clear, fair and nt misleading. If, as a result f spacing restrictins arising in certain digital media types, yu are cncerned that the inclusin f full finance small print might undermine the FCA s verarching principle f being clear, fair and nt misleading yu shuld seek independent legal advice and explre what appraches yu can take t address this. 10

13 5. Terms & Cnditins / Small Print Finance terms and cnditins must always include the fllwing: Name f the finance prvider and pstcde. Dealer adverts must always cntain bth the full legal entity name, trading name and address f the dealer via the dealer status disclsure shwn belw: Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. Always include the fllwing pints: 1. Subject t status 2. Terms and cnditins apply may be abbreviated t T&Cs apply 3. Guarantee may be required 4. Applicants must be 18 r ver may be abbreviated t 18s and ver Offers eligibility, e.g. vehicle / derivative restrictins Length f ffer stating the finish date PCP clauses must be included fr all PCP financial prmtins where the ptinal final payment is stated (e.g. in a representative example r in the bdy cpy fr 0% APR financial prmtins): 11 At the end f the agreement there are 3 ptins: (i) part exchange the vehicle, (ii) pay the Optinal Final Payment t wn the vehicle r (iii) return the vehicle. Further charges may be made subject t the cnditin r mileage f the vehicle. Example small print: Example 1: Cnditinal Sale with a representative table: Retail sales nly. Subject t availability at participating dealers nly n vehicles registered between 1 Octber and 31 December Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. 4.9% APR representative available n Cnditinal Sale. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ.

14 Example 2: Cnditinal Sale withut a representative table (0% Deals): Retail sales nly. Subject t availability at participating dealers nly n vehicles registered between 1 Octber and 31 December Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ. Example 3: PCP Cntracts with Optinal Final Payment shwn in representative table: Retail sales nly. Subject t availability at participating dealers nly n vehicles registered between 1 Octber and 31 December Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. At the end f the agreement there are 3 ptins: (i) part exchange the vehicle, (ii) pay the Optinal Final Payment t wn the vehicle r (iii) return the vehicle. Further charges may be made subject t the cnditin r mileage f the vehicle. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ. 12 Example 4: PCP Cntracts with Optinal Final Payment shwn in bdy cpy, with n representative table (0% Deals): Retail sales nly. Subject t availability at participating dealers nly n vehicles registered between 1 Octber and 31 December Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. At the end f the agreement there are 3 ptins: (i) part exchange the vehicle, (ii) pay the Optinal Final Payment t wn the vehicle r (iii) return the vehicle. Further charges may be made subject t the cnditin r mileage f the vehicle. Based n XXXX miles per annum. Excess mileage charge f 14.9p per mile applies. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ. Example 5: Cntracts where the Mnthly Payment r Optinal Final Payment is nt shwn: Retail sales nly. Subject t availability at participating dealers nly n vehicles registered between 1 Octber and 31 December Dealer legal name [as it appears n the FCA Financial Services Register] trading as Dealer trading name are a brker (nt a lender) fr the purpses f this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. Subject t status. T&Cs apply. 18s r ver. Guarantee may be required. Kia Finance, RH2 9AQ.

15 6. Cntract Hire As with all Financial Prmtins, the verarching principle f Cntract Hire is that the advert must be clear, fair and nt misleading. The Financial Prmtin requirements d nt apply in the same way t hire prducts, hwever we wuld seek t ensure that custmers are presented with a clear ffer, which may then be cmpared t different ffers: 6.1 Business Cntract Hire Business adverts shuld be psitined as a business prpsitin, either thrugh the medium (trade magazines) r the graphics/headlines. Bdy Cpy: Vehicle image t match the ffer shwn Finance prduct name Mnthly rental Small print: Start and end date f ffer Initial rental exclusive f VAT Cntract mileage T&Cs apply Yu will nt wn the vehicle this must be a clear and unambiguus statement Subject t Status 18 r ver Guarantee may be required Kia Finance RH2 9AQ 13 Small print example: Business users nly. T&Cs apply. Subject t availability at participating dealers n vehicle rders received between and Figures based n 6 advance rentals fllwed by 35 mnthly rentals. Yu will nt wn the vehicle. Finance subject t status. Guarantee may be required. 18s and ver. Kia Finance RH2 9AQ. 6.2 Persnal Cntract Hire Bdy Cpy: Vehicle image t match the ffer shwn Finance prduct name Mnthly rental Initial rental including VAT Small print: Start and end date f ffer T&Cs apply Cntract duratin Cntractual mileage Excess mileage charge Fair wear and tear charges Yu will nt wn the vehicle this must be a clear and unambiguus statement

16 Subject t Status 18s and ver Guarantee may be required Kia Finance RH2 9AQ Dealer disclsure statement Small print example: T&Cs apply. Subject t availability at participating dealers n vehicle rders received between and Figures based n a nn-maintenance cntract hire package with 6 advance rentals fllwed by 35 mnthly rentals. 10,000 cntract miles per year. Excess mileage f [ ] pence per mile if yu g ver the cntracted mileage. Fair wear and tear charges may apply. Yu will nt wn the vehicle. Finance subject t status. Guarantee may be required. 18s and ver. Kia Finance RH2 9AQ Dealer legal entity name [as it appears n the FCA Financial Services Register], trading as xxxxx Kia is a credit brker nt a lender fr this financial prmtin. We can intrduce yu t a limited number f carefully selected finance prviders and may receive a cmmissin frm them fr the intrductin. VERY IMPORTANT PLEASE READ This guidance has been prduced by Kia Finance fr guidance nly. We cannt accept any liability arising frm the cntents f this guidance. Dealers are strngly recmmended t seek independent legal advice befre publishing any frm f financial prmtins. Failure t cmply with the Advertising Regulatins culd lead t prsecutin and the withdrawal f FCA interim permissin/authrisatin. These ntes are in summary frm nly, and in n way cntain the full text f the regulatins. Kia Finance, in prducing these guidance ntes, has nly dealt with thse aspects f the regulatins that are relevant t the type f business transacted between Kia Finance, Dealers and custmers. A full text f the Regulatins can be btained frm the Financial Cnduct Authrity: 14