The Financial Conduct Authority (FCA) has fined Lloyds Banking Group £117m for failing to treat its customers fairly when handling Payment Protection Insurance (PPI) complaints.
BMW Group Financial Services is simplifying motor finance from today, with the core finance package (at any BMW or MINI) for each product being the same.
Close Brothers Motor Finance is urging dealers to plan ahead for the paper counterpart driving license withdrawal on June 8.
Point-of-sale consumer new car finance was up 11% by volume and 17% by value in April, compared with the same month last year.
NextGear Capital UK has won the title of Wholesale Funder of the Year at the International Auto Finance Network Awards.
The Financial Conduct Authority is due to announce its view on how complaints about mis-sold loan insurance are being handled at the end of the summer.
Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
PCPs dominate Hyundai new car retail finance offers to July.
Warranties offer dealers increased revenues and retention from reassured customers.
Consumers are finding the search for car finance more confusing than ever – with many spending more time researching their next phone than motor finance.
Used car HP and PCPs are forecast to increase, but dealers still face challenges
Figures from the Finance & Leasing Association (FLA) show consumer new car finance volumes rose 6% in Q1 2015.
Black Horse managing director Chris Sutton is to retire from the motor finance provider this summer.
Ford is targeting young drivers with an added value tie-up with insurance provider Marmalade.
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in market conditions that have led to PCP growth in the market.
The latest, most comprehensive list of new car finance offers from more than a dozen manufacturers are now available to view on the AM website.
Analysis from users of the iVendi Car Finance Checker shows that more than four out of five are financeable by each dealer’s panel of lenders.
Car dealers are urged to hone how they promote finance online now Lloyds Banking Group has become the first UK bank to launch secured digital car finance.
The Government has announced a reduction in the beneficial interest loan rate from 3.25% to 3% from April 6.
The volume of point-of-sale motor finance sales grew by 5% in February to more than 133,000.
