F&I - Page 58

Used car buyers are taking more time to research before committing to purchase, according to research by MotoNovo Finance.

Dealers need to adopt even better best practices which are honest and transparent if they are to keep GAP as a vital revenue stream, according to Adrian Foster, director of Remit Showroom.

A salesman has admitted a multi-thousand pound fraud while working at a Parklands Audi dealership in Gloucestershire.

The Finance & Leasing Association (FLA) has re-launched its consumer online guide for buying a car on finance to make it easier to digest and understand.

Consumer new car finance grew 31% by value over the first six months of this year, according to the latest figures from the Finance & Leasing Association (FLA).

The Bank of England has confirmed that it will not raise interest rates from the current rate of 0.5% until the national unemployment rate drops below 7%.

The Finance & Leasing Association says its redeveloped consumer website, due to be switched on by the end of this month, provides information “like having a friend in the motor trade”.

Marshall Motor Group has announced the extension of their finance partnership arrangements with Santander Consumer Finance to the end of 2016.

A new five-year deal has been agreed between the RAC and The Warranty Group (TWG), which will see TWG continue to operate the RAC brand in the motor warranties sector.

Franchised dealers are invited to take part in a major new research programme into the car finance industry.

Dealers with a consumer credit licence should have been notified by the Financial Conduct Authority (FCA) and Office of Fair Trading (OFT) of changes to consumer credit regulation and have until the end of August to check their details are correct.

One of the things that frustrates an academic more than anything else is when you struggle to find an explanation for something that should on the surface be obvious.

The Financial Conduct Authority (FCA) has fined Swinton Group Limited (Swinton), one of the largest insurance retailers on the high street, £7,380,400 for mis-selling.

Dealers and manufacturers will soon be given the tool to update, track and measure the effectiveness of finance offers on new cars in a much simpler and cheaper way than has traditionally been available.

The Financial Conduct Authority (FCA) has begun a study into general insurance add-on products with an appeal for evidence of competition in the marketplace.

New figures released today by the Finance & Leasing Association (FLA) show that May 2013 was the seventeenth consecutive month of double-digit growth in the consumer new car finance market.

Commissioned videos and DVDs are helping retail car buyers to understand the complexities of motor loans

Lenders and dealers are striving to provide clear advice about loans as customers increasingly search online.

Dealers are being urged by broker Mann Island Finance to take the high ground on retail motor finance, saying its latest online forum review reveals confusion on websites.

Kia is attacking the summer market with £2,000 contributions on selected models and low finance deals to tempt customers into showroom in Q3.

Skoda is launching its summer sales initiative around the Solutions Personal Contract Plan (PCP) which will look to tempt customers with low monthly payments deals and 0% finance offers.

In May, 64,275 new cars were sold to retail buyers with dealer loans – a 27% year-on-year increase, says the Finance & Leasing Association.

Showroom loans in April for private drivers buying used cars increased by 26% to £756 million and by 22% in volume to 81,029 year-on-year, according to Finance & Leasing Association data.

The majority of lenders are expecting growth in the new car finance market this year, according to the Finance & Leasing Association (FLA).

Guy Allman, BTC chief executive, shared his views on how dealers could be missing out on on finance penetration with used cars.