A quick update from Skyfleet
Skyfleet Ltd would like to reassure our customers that the recent UK Supreme Court ruling on motor finance commissions does not affect our business, or the agreements we have arranged.
Since 2013, Skyfleet Ltd has not offered Personal Contract Purchase (PCP) products and has never used Discretionary Commission Arrangements (DCA’s). Prior to 2013, the business model focused primarily on Business Contract Hire and Personal Contract Hire
agreements. If your contract was a hire agreement, it would fall outside of the FCA Redress scheme.
We have consistently followed the Financial Conduct Authority (FCA) guidelines on commission disclosure, introduced in 2019 and updated in 2021, ensuring transparency, fairness, and compliance in all our customer interactions and finance arrangements.
We understand that recent media coverage may raise questions or concerns, and we are happy to provide further clarification or documentation to any customer who wishes to understand more about their agreement. Please do bear in mind that we only maintain
customer confidential data for a suitable period after the finance agreement has ended.
Skyfleet Ltd remains committed to treating customers fairly and maintaining the highest
standards of integrity and professionalism.