Consumers choosing a new car on a PCP will expect some equity to remain towards their next car when the motor finance term ends.
As used car finance grows in importance, independent dealers face greater demands to comply with the credit watchdog.
Financial Conduct Authority (FCA) regulations will have a negative impact on residual values.
The practice of requiring consumers to opt-out of purchasing add-on products is to be outlawed by the Financial Conduct Authority.
What is critical is the point at which the manufacturers recognise that they may need to revisit their targets if the current imbalanced situation continues.
Car dealers would welcome a reduction in VAT on new and used car sales in this week’s budget announcement, according to Close Brothers Motor Finance.
NextGear Capital has loaned more than £100 million in its first nine months' of business lending to the UK dealer market.
The average UK motor dealer made a loss of £59 for the month of January, a deterioration of over £9,000 on the profit made for the same month in 2014.
Figures released today by the Finance & Leasing Association (FLA) show that consumer new car finance volumes fell by 3% in January compared with the same month in 2014, but remained 11% up in the 12 months to January.
Car dealers may have to change their approach to selling finance and insurance products, but profits can still be made
Finance provider Black Horse has reported year-on-year net lending growth of 45% to £6.8 billion in 2014 delivering its strongest year yet.
Car dealer Stoneacre Motor Group has revealed it has written £1.6 million worth of finance through its lending arm.
High street lenders shied away from car finance during the recession, but are beginning to flex their muscles. How can car dealers use the point-of-sale advantage to see them off?
Motor finance provider Alphera Financial Services has unveiled a new seven-day underwriting solution to further support its retailer and broker partners.
The Financial Conduct Authority has conducted a study into the handling of vulnerable consumers by the finance and insurance sectors.
Fiat has enhanced the finance offers on the 500 until March 31, 2015.
Consumer new car finance volumes grew 13% in 2014 year-on-year and by 10% in December to reach a record annual level of 897,593 units.
HM Revenue and Customers (HMRC) is understood to be about to target motor repairers across the UK to identify incorrect VAT returns and target suspected suppression of sales.
Startline Motor Finance has appointed Kevin Haddock as southern regional sales manager.
JBR Capital, the UK’s only independent finance provider dedicated solely to high end vehicle finance, has been acquired by an affiliate of Cabot Square Capital, the specialist financial services private equity investor.
