As recently reported by AM Online, there’s a growing trend of vehicle financing being completed via the internet.
The challenge remains to ensure customers understand what they are buying when it comes to point-of-sale finance, with many still not clear on pricing, residual values and other technicalities of their contracts.
Startline Motor Finance has reported that it will end 2018 with business volumes up by around 20% on the previous year.
Car retailers will need to work harder to explain the jargon of automotive finance after a survey revealed just one-in-10 of car buyers understand common industry terminology.
A survey conducted by NextGear Capital and Cox Automotive has revealed that more than half of used car retailers use a stock funding facility to fill their forcecourts.
Close Brothers Motor Finance employees volunteered 818 hours of their time for charity initiatives in October, the company’s volunteer month.
A decline in long-term car ownership triggered by PCP and PCH finance offers is driving the swifter return of motorists to the UK’s car dealerships, an AA Populus survey has revealed.
Making Tax Digital (MTD) for VAT is being introduced by HMRC next year and presents a huge change for dealers, as HMRC seeks to digitise the administration and collection of tax.
Nissan will seek to remove chairman Carlos Ghosn from the business after an investigation into "financial misconduct" revealed evidence that he had been under-reporting his pay package.
Startline Motor Finance has warned that an uplift in used vehicle prices prompted by WLTP-sparked new car shortages “will not resolve quickly”.
Peugeot UK has launched a range of ‘Black Friday’ new car offers via its Order Online car retail portal – with offers available from today.
With the Financial Conduct Authority (FCA) set to publish the findings of its review of the motor finance sector in November, it’s fair to say that car dealer sales practices have never been under greater scrutiny than over the last 12 months.
The Finance and Leasing Association’s (FLA) latest published figures showed that consumer car finance business volumes declined by 16% at the point of sale during September.
Dealer’s trialling Santander Consumer Finance (SCF)’s newly-launched free online finance calculator have reported strong customer demand.
Nissan announced a variety of new PCP offers including 0% APR representative, deposit contributions and cost-saving service plans.
The days of owning a car are numbered. It’s not about ownership anymore – it’s about usership.
Alphera Financial Services comments on the upcoming FCA findings of the motor finance sector and urges dealers to be more transparent with financial information
Changing appetites towards risk in unsecured lending could open opportunities for used car dealers in a £58bn market.
Some manufacturers have cut targets for Q4 if they know they are unable to get WLTP stock through to the network quickly enough
Car retailers have been warned not to breach the Financial Conduct Authority’s new Insurance Distribution Directive, which demands increased staff training in a bid to enhance consumer protection.
