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Finance round-up

First time winner
Lombard Financial Management has collected the inaugural motor vehicle finance provider of the year plaudit, awarded jointly by the National Association of Commercial Finance Brokers (NACFB) and the Association of Vehicle Finance Brokers (AVFB.)

Collision course kit
Do-it-yourself accident evidence kits can combat the growing malaise of contrived accidents. Latest on the market is Crash Mate, complete with disposable camera for recording the scene of the collision, plus pen, pencil and tape measure.

GMAC races round world
GMAC is the main sponsor of works Chevrolet Lacettis contesting this year’s World Touring Car Championship. On May 20, Brands Hatch plays host to the series, which features Englishman Rob Huff at the wheel of one of three Lacettis.

FSA regs eclipse earnings
The cost of FSA insurance-selling regulations is eroding and often outweighing the amount of retailer revenue generated by offering cover. In the experience of 20% of dealers selling £1,000-worth of insurance annually, there is an average £4,600 per outlet compliance cost, according to an RMIF survey.

Vauxhall’s free net cover
Vauxhall has joined the growing trend of instant seven-day free drive away insurance. Phone and Go involves cover notes being emailed directly to the retailer so cars can be taxed and driven off forecourts almost immediately. The scheme is administered by UKI, which is also responsible for Renault’s equivalent used-car cover initiative. It offers Vauxhall dealers scope to benefit from follow-up quotes, which follow on and boost F&I income.

Close at the top
Close Motor Finance has won the plaudit of the best UK finance house by a poll among retailers for the 2005 Sewells’ Used Car Finance House Survey. Ratings covered by the poll included products, service levels, support, call centres, online computing and business relationships.

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