Nearly all dealers (97%) feel they need better support from finance providers to fund the purchase of electric vehicles (EV), according to the Startline Used Car Tracker.
Startline Motor Finance has significantly improved the efficiency of processing motor finance applications through the adoption of advanced biometric eSign technology.
New data released by the Finance & Leasing Association (FLA) reveals an 8% increase in consumer car finance new business volumes in April
Islamic car finance platform Ayan Capital is aiming to raise up to £25 million in Series A debt and equity funding following a successful £2.3m seed round
Price continues to be the obvious driving factor behind purchase consideration for UK car customers, according to new research.
Startline Motor Finance’s new business portal has slashed car finance payout times by nearly a third.
MG Motor UK has extended its partnership with Santander Consumer Finance for a further three years.
The mastermind behind a seven-strong gang who set up 90 bogus companies to steal more than £800,000 in a VAT and car finance fraud has been jailed for six years.
Solutions provider The Compliance Guys has launched a test drive app to streamline customer data collection and maximise customer purchasing.
Close Brothers Motor Finance is linking up with fintech Zuto’s marketplace to extend access to its products and digitising the customer journey.
New marketing from Vauxhall is promising new car buyers the same equivalent monthly payment for petrol or electric versions of a Corsa, Mokka and Astra. They'll pay longer for electric models, however.
Almost one in 20 motor finance customers have been identified as vulnerable, according to new research by iVendi.
Used car finance is expected to fall by 5% this year to £21 billion while new car purchases are forecast to grow by 5% to £18bn
Efforts to fulfil new Consumer Duty requirements are paying off with new research suggesting car buyers are more than satisfied when buying finance online.
Automotive fintech Bumper has raised a further £2 through Suzuki Global Ventures and Marubeni Ventures investing to accelerate its scaled growth across Europe
Gaurav Jain, UK commercial director, Get Your Car, Carwow, discusses the opportunities for dealers as car buyers seek more guidance on finance options
Close Brothers has confirmed that it has set aside up to £400 million ahead of the FCA’s regulatory review into the motor finance sector.
The FCA has said it will start the process of reviewing firms’ treatment of vulnerable customers as it set out its plans for the next year.
Any action taken on car loan discretionary commission complaints will be much swifter than that implemented for payment protection insurance (PPI) misselling last decade, according to the chief executive of the Financial Conduct Authority.
A new partnership between credit information provider CRIF and BMW Financial Services will help make the purchasing experience smoother.
