BNP Paribas Personal Finance has teamed up with Arval to offer UK car retailers a “one stop shop” vehicle stocking product which will allow traders to purchase and finance used stock at the same time.
The Government’s recently Operation Yellowhammer ‘no deal’ Brexit contingency plan will have notable implications for the motor finance sector, according to Bluestone Credit Management.
The Finance and Leasing Association (FLA) has reported that new business in the point of sale (POS) consumer car finance sector rose 5% by volume during July.
In a bid to professionalise finance industry employees, attract young talent, and provide career progression for staff, the Finance & Leasing Association (FLA) has been promoting Motor Finance Specialist Apprenticeships, created in line with the Government-approved level 3 apprenticeship standard.
The point of sale (POS) car finance market posted year-on-year declines of 3% by volume and 2% by value across both new and used car sectors during June, according to the Finance and Leasing Association (FLA).
Buyacar has advised car buyers to steer clear of costly options funded by a PCP finance plan – branding the resulting uplift in monthly payments a “rip-off”.
Inchcape Retail has seen 20 of its business managers pass the IMI Accreditation for Finance and Insurance standards.
An ‘Incubator’ training scheme has been launched by iVendi as part of efforts to upskill its new recruits for the automotive finance sector.
Startline Motor Finance has appointed former Santander UK man John Bannerman as its new head of customer services.
Car buyers will demand greater flexibility from their car finance agreements in the event of a hard Brexit, according to Startline Motor Finance.
NextGear Capital has celebrated a significant business milestone as it surpassed £3 billion of vehicle funding.
Santander Consumer Finance (SCF) is launching a new online loan application platform with e-sign capability that can be integrated into a car dealer’s website.
Car finance marketplace Zuto has welcomed Chris Slater, co-founder and former COO of Simply Business, to its board as it secures funding for additional growth.
Cap HPI has refuted claims that PCP customers are increasingly at risk from financial difficulties as a result of their car finance agreements lapsing into negative equity.
Volkswagen Financial Services (VWFS) has appointed former Nissan fleet director Iker Lazzari as its new sales director.
New draft guidance from the Financial Conduct Authority should help dealers in their sales of finance and insurance to vulnerable consumers.
Car manufacturers’ finance offers remain fairly static at the start of Q3.
More than 2,800 consumers have complained to The Motor Ombudsman (TMO) in the last 2.5 years about warranty products they've been sold.
Motor finance broker Evolution Funding has appointed Paul Saggar as its chief innovation officer and Adam Small as its head of operations.
Barclays Partner Finance plans to exit the motor finance market and has issued termination notices to dealer partners.
