finance and insurance (F&I)
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Supplier News 3 DecV12 Vehicle Finance partners with Central Car Auctions
V12 Vehicle Finance has secured a new auction partnership with Central Car Auctions in a bid to provide a "seamless" used vehicle proposition.
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People News 3 DecBMW Group’s Preston Rogers appointed head of Alphera Financial Services
BMW Group Financial Services general manager for digital, sales channels and insurance, Preston Rogers, has been appointed as the new head of Alphera Financial Services.
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People News 30 NovCodeweavers appoints Andrew Gill as head of lender products
Codeweavers has appointed Andrew Gill as its head of lender products to help automotive sector lenders identify new opportunities to support their business.
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Finance 27 NovVWFS launches direct to consumer car online lease service
Volkswagen Financial Services (VWFS) has launched a new car leasing platform, VWFS Drive, to help speed up the new car finance process.
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Aftersales 25 NovVehicle Vision launch integration with Auto Service Finance
Vehicle Vision has formed a partnership with Auto Service Finance (ASF) to offer motorists interest-free instalment payment option for repairs.
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Finance 24 NovAlphera launch new used car finance to offset carbon emissions
Alphera Financial Services is partnering with BuyaCar to launch Alphera Zero, a finance product that allows consumers to offset carbon emissions from used hybrids and plug-in hybrids.
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Supplier News 20 NovFCA finance insight, Rainworth's growth and lockdown 2 impact in AM December magazine
Our new December 2020 issue of AM magazine is out now here with vital insights into January's FCA motor finance changes and a study of lockdown 2's impact on car dealers.
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Supplier News 19 NovCar dealers’ online activity up 33% in first 10 days of lockdown
COVID-19 ‘Lockdown 2’ has sparked a rapid rise in the volume of digital car finance deals being forwarded to dealership customers, according to iVendi.
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Manufacturer 19 NovPeugeot offers up to £8,100 off online car sales until end of 2020
Peugeot has increased its deposit contributions by £950 as part of an “Exclusively for You” offer giving motorists up to £8,100 off until the end of 2020.
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Finance 19 NovMarch 2021 could be the trigger point for new car price increases
Some vehicle manufacturers may delay new car price increases as a result of a no deal Brexit until March 2021, according to Automotive Services International (ASI).
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Supplier News 13 NovStartline Motor Finance secures £375m J.P. Morgan credit facility
Startline Motor Finance has secured a £375 million credit facility from J.P.Morgan in what is the third renewal and upsize of the facility between the two companies.
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Finance 4 NovConsumer car finance defies September registrations dip with 7% growth
Consumer motor finance defied September’s 4.4% new car registrations dip to record a 7% year-on-year rise in volumes and 11% growth by value, according to the Finance and Leasing Association (FLA).
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Finance 2 NovFLA has concerns over new consumer credit deferrals
The Finance and Leasing Association has raised concerns about the new coronavirus payment deferral scheme proposed by the Financial Conduct Authority at the weekend.
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Market Insight 27 Oct
Need for GAP evident as car payments outstrip housing for 1 in 4
Car finance payments outweigh rent or mortgage payments for one in four UK drivers aged under 55, according to an Opinium and InsureTheGap survey of 2,000 motorists.
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Supplier News 26 OctWilsons Auctions launches WilPay stock funding for dealers
Wilsons Auctions has launched a dealer stock funding service in partnership with V12 Vehicle Finance, part of Secure Trust Bank.
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Supplier News 21 OctEvolution Funding wins at virtual Motor Finance Awards 2020
Evolution Funding picked up two awards at the 6th annual Motor Finance European Conference and Awards 2020, including Intermediary of the Year, for the fourth year.
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Finance 20 OctAlphera reports 75% growth from its digital car finance platforms
Alphera Financial Services said it has seen "significant growth" in the number of customers using its digital and online platforms.
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News 14 OctFinance company demanded £2.3m ‘compensation’ from used car dealer
A finance company demanded £2.3 million in compensation from a used car dealer who breached the terms of numerous motor finance loans through a series of “illegitimate side agreements”.
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Finance 14 OctFCA motor finance changes present ‘promotional and profit opportunity’
Forthcoming Financial Conduct Authority (FCA) changes to the motor finance sector should be embraced as a “promotional and profit opportunity” by used car dealers.
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Market Insight 14 OctHalf of car buyers intend to pay upfront for next vehicle, survey finds
Paying up front for a new vehicle has continued to slow down as an increasing number of consumers demand increased flexibility, according to research from Close Brothers Motor Finance.
