finance and insurance (F&I)
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Finance 29 MarLeasing makes electric cars more affordable than PCP, study finds
A leasing business has analysed pricing data and found that driving a battery electric car on a lease is cheaper than funding the EV on PCP (personal contract purchase).
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People News 25 MarOodle Car Finance appoints Paul Woodhead as head of group aftercare
Oodle Car Finance has welcomed Paul Woodhead as new head of group aftercare.
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Finance 25 MarJBR Capital to offset carbon emissions of high-end cars
JBR Capital has launched a new sustainability initiative, in partnership with Carbon Neutral Britain, to reduce the environmental impact of its clients’ cars.
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Finance 25 MarAsian car brands win with finance competitiveness
Car dealers holding Asian brand franchises such as Kia, Hyundai, Toyota and Lexus seem most content with the competitiveness of their new car finance offers.
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Finance 24 MarPeter Vardy’s CarMoney moves into new premises due to continued growth
Peter Vardy’s CarMoney motor finance business has moved into 9,000 square feet of new office space as it plans to boost staff numbers this year.
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People News 21 Mar
Close Brothers Motor Finance appoints Lisa Watson as sales director
Newly-appointed Close Brothers Motor Finance sales director Lisa Watson has said she is excited to make a start after seeing the speed of “rapid transformational changes” at the business.
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Opinion 21 MarCharging and tax anxiety are the last barriers to electric car adoption, opinion
Paragon Bank managing director of motor finance Julian Rance believes a more coherent plan on developing the charging infrastructure, plus insight into the Government’s tax agenda, should propel electric vehicle (EV) adoption.
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Market Insight 18 MarInterest rate rise adds to pressures car retail overheads and consumer finances
The Bank of England’s decision to raise interest rates to 0.75% have been criticised for placing “more pressure on household finances” - and will hit the car retail sector's overhaeds too.
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Finance 17 MarOnline used car finance to more than double in three years
Almost one in two motor finance applications made during 2022 will happen online, according to new figures compiled by iVendi.
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Market Insight 16 Mar94% of car buyers shopping by monthly cost
Car buyers looking to change their car in the coming months are increasingly shopping with a monthly, rather than total, figure in mind.
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Finance 11 MarUkraine conflict could push UK inflation to 8% in H1, warns FLA
The Finance and Leasing Association (FLA) has warned that inflation could peak at 8% in the first half of 2022 after the global economic outlook weakened following Russia’s invasion of Ukraine.
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Finance and insurance 9 MarSupply and demand imbalance restrains car brands' Q1 finance offers
As Q1 draws to a close with what is likely to be a quieter than normal March plate change month, AM took a look at the new car finance offers being served up by some of the sector’s leading brands.
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Finance 15 FebNew FCA buy-now-pay-later terms result in customer refunds
New terms on buy-now-pay-later (BNPL) finance products introduced by the Financial Conduct Authority (FCA) have resulted in late payment fees being refunded to customers.
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Finance 14 FebConsumer car finance market grew 9% by volume in 2021, FLA reveals
The consumer car finance market grew 2% by volume and 13% by value in December to complete a 2021 “rebound” despite the headwinds of COVID-19 and vehicle supply shortages.
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Finance and insurance 4 FebFixed rate finance model makes franchised car retailers 'transparent and fair'
The future of franchised retailers’ motor finance FCA ruling on discretionary commissions has lead to greater transparency, but few dealers are reporting any noticeable variation to income as a result.
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Finance and insurance 4 FebIndependent car dealers' flexibility paid dividends after finance regulation changes
Independent used car dealerships and supermarkets have been best positioned to adapt to the Financial Conduct Authority (FCA) rule banning discretionary commission models that was brought into force last January.
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People News 3 FebBumper expands executive team to ramp up growth plans
Bumper has expanded its executive team with four new appointments to prepare for the next stage of its growth in automotive payments.
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Finance and insurance 3 FebFCA's new Consumer Duty makes transparency and consistency vital in car finance
With December’s publication of the Financial Conduct Authority’s (FCA) second consultation on its new all-encompassing Consumer Duty protocols and the automotive retail sector now subject to commission disclosure regulations, motor finance has once again been reassessing how it operates.
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Finance 2 FebParagon launches commercial vehicle funding offer
Paragon has launched a new finance proposition for commercial vehicle dealers, to complement existing manufacturer offers.
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Opinion 31 Jan
Paragon Motor Finance MD Julian Rance: 'car values to remain buoyant for 3 to 4 years'
Paragon Bank’s Motor Finance managing director Julian Rance has suggested that used car values will remain robust for "three to four years" as elelctric vehicles (EV) start to dominate registrations.
