F&I
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Supplier News 17 Nov
Product Partnerships gains status as FCA motor dealer principal firm
Product Partnerships, a compliance management solutions company based in Yorkshire, has become authorised by the FCA as a Consumer Credit FCA principal firm focusing on the motor dealer sector.
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Market Insight 17 NovF&I compliance: Lessons for dealers from mortgage lenders
The cultural shift among mortgage lenders is on-going as the industry grapples with new regulations which place customers at the top of the agenda, according to Grant Thornton director for banking and mortgages Tony Moroney.
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Finance 7 NovFCA regulations ‘will radically alter dealer-broker relationship’
The Financial Conduct Authority's ‘treating customers fairly’ principle means big changes for car dealers' relationships with finance brokers.
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Car Dealer News 6 Nov
FLA forecasts Q4 loans increase
The Finance & Leasing Association (FLA) expects year-on-year increases in loans from its members for retail purchases of new and used cars through dealerships to continue until the end of the year.
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Finance 5 NovVideos tipped to boost dealers’ F&I revenue
Videos are predicted to become an increasingly important sales tool on dealers’ websites alongside a wider range of products to increase F&I revenue.
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Latest News 4 NovGAP pricing transparency needed from FCA
GAP pricing transparency would be the biggest single advantage that the FCA could provide to help new and used car customers make more informed choices.
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Finance 4 NovHire purchase car loan targets ‘cash-rich, credit-poor’
The Funding Corporation this month launches Inisium, a non-prime HP loan of up to £10,000 for buyers of used and, for the first time, new cars.
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Supplier News 3 Nov
Automotive Compliance confirmed as consumer credit FCA principal firm
Automotive Compliance, the appointed representative (AR) network working within general insurance meditation specifically for the motor industry, has been confirmed by the Financial Conduct Authority (FCA) as a principal firm for consumer credit.
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Market Insight 31 Oct
NFDA: Don’t leave FCA full authorisation to the last minute
With many dealers’ slots to apply for full FCA authorisation being moved forward, with a deadline of December 31 in many cases, businesses must be prepared, warned the NFDA's Louise Wallis.
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Finance 29 Oct
View Kia's new car finance offers to year-end
Details of Kia's new car retail finance offers until the end of the year have been added to our look-up tool.
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Market Insight 23 Oct
Do dealers need to employ a F&I compliance manager?
Dealers who want to lead the consumer-focused cultural change the Financial Conduct Authority (FCA) era is hailing in F&I product sales will need to consider employing a compliance manager, F&I expert Adrian Foster predicted.
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Market Insight 21 OctNew car retail finance offers - a new AM tool
For more than a decade AM has profiled a selection of manufacturers' retail new car finance offers. Now a more comprehensive guide is available on AM-online at this address www.am-online.com/retail-new-car-finance-offers/ or via the homepage tool.
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Market Insight 16 OctGuest opinion: Tightening up your mileage reporting
There is no major HMRC attack on mileage recording in the motor sector. But there is the need to exercise care and it would be sensible to review your own position to ensure that if you get the knock on the door from HMRC you are less likely to face a significant liability.
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Car Dealer News 16 Oct
FCA rules: 'seize the opportunity and do it quickly'
Dealers should embrace the new era of the Financial Conduct Authority (FCA) or risk the imposition of a stricter structure which other industry sectors have been forced to adopt, delegates at AM’s new F&I Compliance Conference will be told.
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Market Insight 14 Oct
FCA compliance could lead to 'APR-based offers'
Working towards FCA compliance could see dealers and lenders move away from flat rate motor finance products to APR-based alternatives.
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Car Dealer News 13 Oct
'FCA - Are you ready?' Watch the free webinar
The full webinar entailing a presentation by Alphera's FCA readiness manager Martin Parr on the key interpretations of the Financial Conduct Authority's new consumer credit regime and a Q&A, is now available to view, together with slides.
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Car Manufacturer News 13 Oct‘Tick box’ compliance won’t work, the FCA to warn dealers
A ‘tick box’ approach to regulation won’t work when applying for full Financial Conduct Authority (FCA) authorisation.
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Supplier News 9 Oct
Exclusive: Blue Motor Finance re-launches
Blue Motor Finance has announced that it will be re-launching its brand at the end of the year.
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Car Dealer News 8 Oct
Time is running out to register for free FCA insight event - register today
A free webinar providing information on how to be best prepared for new rules for dealers on providing consumer credit is being held tomorrow by AM and Alphera.
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Car Dealer News 7 OctDealers' add-on sales come under pressure
Dealers who depend on add-ons as an earnings stream face a triple challenge from regulators, manufacturers and consumers armed with abundant online information
