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 […]
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 […]
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 […]
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 […]
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 […]
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 & […]
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 […]
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 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 […]
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. […]
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 […]
New data has revealed that Finance & Leasing Association members provided a record £154.6bn of new lending in 2024. This represents a two per cent increase on 2023. FLA supports […]
