There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment in these situations can lead to assessments for underpaid VAT and the threat of penalties and interest.
Brokers are set to see a boom in finance business during 2017 according to the results of a survey carried out by Cap HPI.
Strong demand and rising used vehicle volumes drove BCA Partner Finance to a record month, with over 500 units a day being funded throughout January.
New business in the point of sale (POS) consumer car finance market grew 12% by value and 8% by volume in 2016.
Mitsubishi Motors UK has recruited a new head of sales and marketing for its in-house finance operation, Shogun Finance Limited.
MotoNovo Finance has launched its Self-Service finance app, allowing customers to control the financing of their vehicle via a new online app.
Mitsubishi Motors in the UK has launched 0% APR higher purchase and 5.9% APR representative PCP finance offers in a bid to attract buyers to the recently revised model range.
Recently-established Oodle Finance has secured £60 million of investment to help it roll-out a funding solution for customers from the full range of credit profiles.
Industry-recognised metrics are needed to help car dealers measure impact of their online motor finance offering, according to iVendi.
Car finance products have been highlighted as a key driver of profits as 65% of car dealers told a survey by Close Brothers Motor Finance that they expected to achieve growth in 2017.
A wave of new car price increases prompted by the weakness of the pound should place a new degree of emphasis on more effectively promoting motor finance, says iVendi.
Startline Motor Finance has appointed Sara Copeland as its first head of human resources after its team swelled to 55.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment can lead to assessments for underpaid VAT and the threat of penalties and interest.
According to the Finance and Leasing Association (FLA), in the twelve months to August 2016 2.2 million new and used cars were bought on finance by consumers through dealerships.
Whether car dealers like it or not, compliant F&I is a must, and many see self-service as the key.
McMillan Shakespeare Ltd’s Maxxia UK operation has added Midlands-based Capex Asset Finance Limited finance broker to its growing portfolio of companies.
Independent dealers look set to become the growth area for online motor finance during 2017, according to iVendi.
The best advice from the F&I theatre at Automotive Management Live - sponsored by Car Care Plan and Alphera
Changes at the top at Moneybarn are set to see Shamus Hodgson move from his current role as commercial director to the position of managing director.
FCA Automotive Services is celebrating after gaining IMI accreditation for its own finance training program.
