Dealers need to review customers' payment options carefully to avoid shrinking margins caused by recent changes in payment card charges introduced by the EU, according to audit and tax specialists RSM.
The voluntary termination of personal contract purchase (PCP) and hire purchase agreements (HP) are at an all-time high, according to G3 Remarketing.
Half of consumers think car finance is too complex and confusing, according to a new survey commissioned by Intelligent Environments.
Sales of Guaranteed Asset Protection (GAP) insurance policies appear to have stabilised.
NextGear Capital has funded more than £1 billion worth of vehicles since its launch in 2014.
The used car market is showing no signs of cooling down despite the high volume of PCP cars coming back into dealers as part exchanges, according to the Aston Barclay Group.
Finance intermediary Evolution Funding has launched two new company websites to give visitors a better understanding of the scope of its business.
Renault is offering customers buying new Clio and Captur models a full first year of insurance from £99 until the end of June.
Suzuki, Nissan and Dacia continue to maintain the lowest monthly prices for car finance offers in Q1.
Industry commentators fear combination of sub-prime lending, currency fluctuations and Brexit could prompt a fall in residual values.
Drivers will have to pay much more for motor insurance after the Government announced new rules that will push up lump sum payments for personal injury claims.
DealTrak has partnered with used car finance provider Oodle Finance as part of a deal which will see the Leeds-based business’ clients access a wider range of products and services.
NextGear Capital UK expects to fund a total of 100,000 cars sales in 2017 after a record start to the year saw it fund 8,000 wholesale vehicles for its dealer customers in January alone.
MotoNovo Finance has been recognised in the Sunday Times 100 Best Companies to Work for as the 12th best mid-sized organisation to work for in the UK.
The recent closure of online used car marketplace Beepi.com points to why the dealer model can remain an integral part of car buying for many customers, according to Codeweavers.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment in these situations can lead to assessments for underpaid VAT and the threat of penalties and interest.
Brokers are set to see a boom in finance business during 2017 according to the results of a survey carried out by Cap HPI.
Strong demand and rising used vehicle volumes drove BCA Partner Finance to a record month, with over 500 units a day being funded throughout January.
Park’s Motor Group has turned to Cooper Solutions’ FullCover solution in a bid to streamline its courtesy car and test drive services.
New business in the point of sale (POS) consumer car finance market grew 12% by value and 8% by volume in 2016.
Mitsubishi Motors UK has recruited a new head of sales and marketing for its in-house finance operation, Shogun Finance Limited.
MotoNovo Finance has launched its Self-Service finance app, allowing customers to control the financing of their vehicle via a new online app.
Mitsubishi Motors in the UK has launched 0% APR higher purchase and 5.9% APR representative PCP finance offers in a bid to attract buyers to the recently revised model range.
Recently-established Oodle Finance has secured £60 million of investment to help it roll-out a funding solution for customers from the full range of credit profiles.
Industry-recognised metrics are needed to help car dealers measure impact of their online motor finance offering, according to iVendi.
