finance and insurance (F&I)
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Finance 8 JunFCA delays start of new motor finance rules
Coronavius crisis has meant FCA is putting back the release of car finance findings
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Finance 8 JunCoronaviris crisis impacts UK motor finance operations
Lenders are urged to treat customers fairly as the coronavirus pandemic leads to many borrowers facing financial difficulties
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Car Dealer News 5 JunImperial Cars introduces buy now, pay later finance
Imperial Cars has introduced a new finance offer allowing customers to defer paying for their new vehicle for up to three months.
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Car Dealer News 5 JunInchcape £100m loan appears in Bank of England’s COVID-19 borrowers list
Inchcape has appeared in a list of 53 businesses which have borrowed millions of pounds from the Bank of England under the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS).
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Finance 5 JunCOVID-19 car finance payment deferrals come with consequences, says ASI
Automotive Services International has said automotive finance payment deferrals introduced during the coronavirus pandemic could see customers incur unintended costs.
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Car Dealer News 29 MayReturn to showrooms accompanied by ‘step change’ in online car retail
As lockdown eases, dealers returning to trading on June 1 are likely to prompt a ‘step change’ in online motor retail, says iVendi.
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Market Insight 22 MayPositive demand for click and collect, says MotoNovo
MotoNovo Finance has announced it has seen a surge in proposal and business activity, since it revealed it was lifting lending restrictions.
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Finance 14 MayNew Seat and Skoda finance offers 3 months payment free ownership
Seat and Skoda are offering new car customers three months of free car ownership during the COVID-19 coronavirus lockdown as part of finance packages launched this week.
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Car Dealer News 14 May'Almost half of car dealers' made job cuts in first month of COVID-19 lockdown
Six-in-10 car retailers believe that prolonged grants and support from Government are required to support the automotive retail sector through the COVID-19 coronavirus crisis as redundancies begin.
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Finance 13 MayDealers urged to include FCA compliance in Coronavirus sales process
FCA compliance should not be forgotten when dealers are revising their sales processes to meet the Governments guidelines for social distancing.
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Finance 12 May
ASF secures £14m investment following growth in Buy Now Pay Later solutions
Automotive payment provider Auto Service Finance (ASF) has secured new investment worth more than £14 million as buy now pay later finance dealers become more popular in the automotive sector.
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Market Insight 7 MayFLA renews Government help appeal amid 1.2m COVID-19 forbearance requests
The Finance and Leasing Association’s (FLA) has renewed its appeal for help from Government and the Bank of England as coronavirus impact sparks 1.2 million finance forbearance claims.
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Supplier News 29 AprEvolution Funding reports lockdown jump in online self-serve finance
Car buyers are embracing online self-service car finance during the COVID-19 coronavirus lockdown period, according to Evolution funding.
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Market Insight 29 AprNew car discounts could disappear if demand outstrips supply
What Car? is predicting a China-style V-shaped COVID-19 recovery for the new car retail sector and is urging consumers to act fast if they want to take advantage of discounts.
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Finance 28 AprCOVID-19 prompts Romans International to expand Elev8 Finance broker arm
Luxury car retailer Romans International has launched its Elev8 Finance broker arm to the wider market after funding more than £300 million of supercar sales – including a £3.5m Ferrari Aperta.
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Finance 24 AprPCP balloon refinancing and payment deferrals outlined by the FCA
The Financial Conduct Authority has warned motor finance firms not to repossess vehicles or end contracts with customers in financial difficulty due to the coronavirus pandemic.
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Finance 24 AprOnline used car activity suggests market rebound, says iVendi
Analysis of online activity over the last seven days indicate a potential rebound for the car retail market.
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Market Insight 21 AprMotor finance firms' Q2 offers responded quickly to COVID-19
While new car sales have been impacted by UK showrooms closing, car manufacturers are still putting offers together for Q2 and customers can apply for credit.
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Finance 17 Apr
FCA publishes draft coronavirus guidance on motor finance repayments
The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
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Manufacturer 17 AprGroupe Renault and Dacia launch new end-to-end online car retail platform
Renault and Dacia have launched a new end-to-end online retail platform offering virtual showroom vehicle tours and a remote e-signature process allowing customers to buy a new car without entering a dealership.
