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Extended Privacy Policy

MW Trade Cars Ltd – Finance, Data Sharing & GDPR Compliance

Finance Applications and Data Sharing

If you request a finance quotation or apply for motor finance through MW Trade Cars Ltd, we will collect additional personal and financial information required to process your application. This may include:

  • Full name

  • Date of birth

  • Address history

  • Employment information

  • Income and expenditure details

  • Bank details (where required by lenders)

  • Proof of ID and proof of address

  • Driving licence information

  • Other financial information relevant to the application

We will securely share this information with our regulated finance partners - including Tandem Bank and any other lenders or brokers we work with - for the purposes of:

  • Assessing creditworthiness

  • Conducting affordability and fraud checks

  • Processing your motor finance application

  • Making a lending decision

  • Meeting regulatory and anti-fraud obligations

Once transferred, each lender acts as a separate Data Controller and their own privacy policies apply.

Credit Reference Agencies

Finance partners may carry out both soft and hard credit searches with Credit Reference Agencies, including (but not limited to):

  • Experian

  • Equifax

  • TransUnion

These searches may leave a footprint on your credit file. You will be notified before any finance application is submitted to a lender.

Lawful Basis for Processing (UK GDPR)

We process finance-related data under the following lawful bases:

  • Contract: To provide a finance quotation or submit an application at your request.

  • Legitimate Interest: For internal administration, preventing fraud, or responding to your enquiry.

  • Legal Obligation: To comply with FCA rules, anti-money-laundering requirements, and financial record-keeping.

  • Consent: Only used for marketing communications - not for finance processing.

Data Retention

In accordance with FCA and UK regulatory requirements:

  • Finance application data is retained for up to 6 years.

  • Enquiry-only data may be retained for up to 12 months unless a transaction occurs.

  • Transaction and finance records may be retained longer where legally required.

Data will only be retained for as long as necessary and will be securely deleted once no longer required.

Your Rights

You are entitled to:

  • Access the personal data we hold about you

  • Request correction of inaccurate data

  • Request deletion where appropriate

  • Restrict processing in certain circumstances

  • Object to processing based on legitimate interest

  • Withdraw consent (for marketing only)

  • Request transfer of data to another provider (data portability)

Requests can be made using the contact details on our website.

Who We Share Data With

Your information may be shared with:

  • Finance partners and lenders (including Tandem Bank)

  • Credit reference agencies

  • Fraud prevention agencies

  • Website and IT service providers (such as Spidersnet / Friday Media Group)

  • Warranty or insurance providers (only if requested)

  • Regulators such as the Financial Conduct Authority (FCA) or HMRC

We do not sell your personal data to any third party.

Complaints

If you are unhappy with how your data has been processed, please contact us first.
You also have the right to complain to the UK Information Commissioner’s Office (ICO):
www.ico.org.uk


Contact Us

Our Trusted Partners

M.W Trade Cars Ltd
106 Stourbridge Road
Dudley
West Midlands
DY1 2DW
Company Registration Number: 12776370
Registered Office Address:
M.W Trade Cars Ltd
106
Dudley
West Midlands
DY1 2DW

All Rights Reserved Designed by Spidersnet Spidersnet

M.W.Trade Cars Ltd is registered in England and Wales under company number: 12776370. Registered Office Address: 106 Stourbridge Road, Dudley, West Midlands, England, DY1 2DW.

M.W.Trade Cars Ltd (FRN – 1001407) is an appointed representative of The Compliance Guys Ltd which is authorised and regulated by the Financial Conduct Authority (FRN – 941360). We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request.) Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) and this may or may not affect the total amount repayable. The lender will disclose this information before you enter into an agreement which only occurs with your express consent. The lenders we work with could pay commission at different rates and you will be notified of the amount we are paid before completion. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers. As we are a credit broker and have a commercial relationship with the lender, the introduction we make is not impartial, but we will make introductions in line with your needs, subject to your circumstances.

M.W.Trade Cars Ltd are registered with the Information Commissioner's Office under registration number ZB548182.