Consumer car finance market returns to growth
New figures from the Finance & Leasing Association have revealed strong growth in the value and volumes of consumer car finance. It found that consumer car finance new business volumes […]
car finance
FCA to launch motor finance consultation in October
The Financial Conduct Authority has confirmed it will consult industry in October about a compensation scheme for motor finance customers. Dealers and finance companies faced a bill estimated to be […]
Car finance totals £21bn in 12 months
The UK’s new and used car market has been elevated by £21bn in car finance in the past year, according to new figures from the Finance and Leasing Association. It […]
Car finance comparison tool launched by iVendi
Dealers can now host their own online car finance price comparison tool on their website. Developed by iVendi, Finance Navigator for Consumers takes data from a range of participating lenders […]
Industry responds to car finance Supreme Court ruling
The automotive industry has called for a swift resolution to the car finance scandal after the FCA said it would launch a compensation scheme in October. The Supreme Court ruled […]
FCA to act after Supreme Court ruling on car finance
Dealerships and car finance companies have avoided compensation payouts to motorists of up to £40bn after a Supreme Court ruling on commissions. It ruled that hidden commissions from lenders to […]
New car finance volumes dip in May
Consumer car finance new business volumes fell by two per cent in May compared to the same month in 2024. This is according to figures released by the Finance & […]
Car finance market falls in April – FLA
New figures released by the Finance & Leasing Association (FLA) have revealed the first fall in the car finance market in more than six months. Its data has shown that […]
CarMoney joins the Finance & Leasing Association
Car finance broker CarMoney has joined the Finance & Leasing Association (FLA) to support responsible lending. FLA members provide more than £100bn in new finance each year and play a […]
CarMoney sets ambitious vehicle finance target
CarMoney has announced growth plans to reach £730m in annual vehicle finance by 2029. Backed by the Peter Vardy Group, the company’s model combines a panel of more than 20 […]
Scale of car finance scandal revealed in new research
The scale of the car finance commission scandal has been revealed with new research finding that only 21% of car finance customers were told their dealers could be earning commission. […]
Car finance complaints reach record levels
The Financial Ombudsman Service has reported that car finance complaints have risen to record levels this year. The spike has been driven by the ongoing commissions scandal, with FOS data […]
