Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
PCPs dominate Hyundai new car retail finance offers to July.
Consumers are finding the search for car finance more confusing than ever – with many spending more time researching their next phone than motor finance.
Number of nearly new cars in the retail market has nearly doubled in the last six months, indicating that manufacturers are pre-registering increasing numbers.
Used car HP and PCPs are forecast to increase, but dealers still face challenges
Figures from the Finance & Leasing Association (FLA) show consumer new car finance volumes rose 6% in Q1 2015.
Black Horse managing director Chris Sutton is to retire from the motor finance provider this summer.
Ford is targeting young drivers with an added value tie-up with insurance provider Marmalade.
A firm has been fined £159,300 by the Financial Conduct Authority for failures relating to its sale of commercial vehicle add-on insurance products.
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in market conditions that have led to PCP growth in the market.
The latest, most comprehensive list of new car finance offers from more than a dozen manufacturers are now available to view on the AM website.
Analysis from users of the iVendi Car Finance Checker shows that more than four out of five are financeable by each dealer’s panel of lenders.
Car dealers are urged to hone how they promote finance online now Lloyds Banking Group has become the first UK bank to launch secured digital car finance.
The Government has announced a reduction in the beneficial interest loan rate from 3.25% to 3% from April 6.
The volume of point-of-sale motor finance sales grew by 5% in February to more than 133,000.
Benfield Motor Group is offering 0% APR interest (for up to five years) on all of its used cars from 8am tomorrow until 8pm on April 14.
Ageas and Volkswagen Financial Services have signed a contract to provide a branded motor insurance from Volkswagen, Audi, Skoda, Seat and VW CV dealerships.
Consumers choosing a new car on a PCP will expect some equity to remain towards their next car when the motor finance term ends.
As used car finance grows in importance, independent dealers face greater demands to comply with the credit watchdog.
Financial Conduct Authority (FCA) regulations will have a negative impact on residual values.
The practice of requiring consumers to opt-out of purchasing add-on products is to be outlawed by the Financial Conduct Authority.
What is critical is the point at which the manufacturers recognise that they may need to revisit their targets if the current imbalanced situation continues.
Car dealers would welcome a reduction in VAT on new and used car sales in this week’s budget announcement, according to Close Brothers Motor Finance.
NextGear Capital has loaned more than £100 million in its first nine months' of business lending to the UK dealer market.
The average UK motor dealer made a loss of £59 for the month of January, a deterioration of over £9,000 on the profit made for the same month in 2014.
