Company Information

Get to know paragon car finance

Paragon Car Finance is a trading style of Paragon Bank PLC, a specialist UK bank and part of the FTSE 250 Paragon Banking Group. Founded in 1985, the group launched Paragon Bank in 2014 to bring its specialist lending and savings expertise to a wider audience. The company's car finance division focuses on providing hire purchase and lease purchase agreements for new and used cars, light commercial vehicles, and motorhomes. They operate an intermediary-led model, working directly with a network of trusted motor dealers and finance brokers across the UK rather than directly with the public.

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Financial Other Service

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paragon car finance

United Kingdom

Founded in

1985 (41 Years)

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Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.