The ‘ask an expert’ tool on the Finance & Leasing Association’s new consumer website (www.FinancingYourCar.org.uk) is a particularly successful feature, said FLA head of motor finance Paul Harrison.

FLA head of motor finance Paul Harrison

“In addition, the dealer directory helps deliver visitors to the websites of SAF (Specialist Automotive Finance)-approved showrooms,” he said.

Alan Carson, Northridge Finance sales director, said: “The jargon-busting section helps consumers understand industry terms easily and decide on their future car.”

Paul Kaye, Close Motor Finance sales and marketing director, said: “The impartial advice seems clear and easy to understand. Links to dealer and lender websites can help customers understand PoS finance before they start searching for vehicles.”

James Tew, director, iVendi, said: “Anything that helps to improve customer knowledge about motor finance should be warmly welcomed by the industry.”