The PCP industry is booming. Thousands of drivers every year walk off the showroom forecourt with a brand new motor and a freshly signed PCP agreement to go along with it.
Motor finance provider Raphael Finance has invested in a range of new tools for its underwriting team with a focus on the used car customer experience at point of sale.
An investigation into finance in the automotive sector has slammed used car dealers for a “£1.4 billion a year rip-off” after comparing the deals offered by 100 retailers across the UK.
Paragon Car Finance’s latest Headlight Survey has revealed that finance brokers fear the effects of online finance solutions on their volumes of business in the long term.
FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm vehicle sales, according to NFDA director Sue Robinson.
The Bank of England has confirmed that it considering more stringent regulations which would usher in strict affordability checks in a bid to avoid a PCP-prompted financial crisis.
An online finance checker delivered by iVendi has been enhanced to cover commercial vehicle dealers for the first time.
PCP deals dominated the plate-change month of March with 47.6% of new car buyers and 25.4% of used car buyers opting for the popular finance option.
Vertu Motors has rewarded the hard work of a Bradford-based accountant with special recognition at its annual Chief Executive’s Awards.
iVendi has moved its Wales head office to a Colwyn Bay premises four times the size of its previous base in Abergele.
Consumer car finance volumes fell by 2% in February according to new figures released by the Finance and Leasing Association (FLA).
Norton Way Group has been named as the best fleet dealer group for new vehicle sales in 2017 in the Experteye awards.
March is make-or-break time for dealers and many businesses relied on strong finance offers to drive customers through their doors.
Paragon Car Finance’s latest biannual Headlight Report has revealed strong growth in the vehicle finance market during the second half of 2016 for the UK’s top 30 automotive brokers.
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.
