F&I - Page 54

Promotion of used car finance is especially important online because it is where most consumers decide what they are going to buy

Lenders are urging dealers to boost their revenues with showroom finance as they sell cars taken in part-exchange on 63-plate first registrations

By applying lessons learned from High Street retailers, Hitachi Capital’s managing director Gerald Grimes believes car dealers can grow both their finance business and increase sales.

Electrical parts dominate the claims made by used car customers under motor warranties, according to new statistics released by RAC Warranty.

Mercedes-Benz is offering free servicing for three years on its A-Class when customers buy on an Agility Personal Contract Purchase (PCP).

Warrantywise, the UK extended car warranty company, has launched a new website dedicated to car dealers.

MG will be supporting the launch of its new MG3 supermini with PCP finance deals from £99 and zero deposit deals.

Dacia UK is offering customers its Duster in access trim to retail customers for £99 a month when they buy on finance and put down a £3,112 deposit.

Automotive retail lenders are urging dealers to retain some control in September’s 63-plate market while making the most of buyers being driven into showrooms by manufacturers’ national campaigns.

The Financial Conduct Authority (FCA) has launched its portal for dealers to register for interim permission in order to legally continue with consumer credit related activities from 1 April 2014.

Manufacturers’ finance schemes are only good for dealers if they accept the customers who apply, said broker DSG Finance director Tim Marlow.

With the new 63 plate likely to make September the 18th successive month to record a rise in first registrations, MotoNovo Finance chief executive Mark Standish urges dealers to think more widely than low rates when promoting loans

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.