Double digit decline in the consumer car finance market
Figures from the Finance & Leasing Association (FLA) have revealed a double digit decline in the consumer car finance market in June compared to the same month in 2023. It […]
car finance
FCA extends car finance complaints investigation
The Financial Conduct Authority is giving car finance companies more time to respond to customer complaints around commissions charged when buying car. It launched an investigation into discretionary commission arrangement (DCAs) […]
Oracle celebrates £2bn funding milestone
Oracle Car Finance has announced it has exceeded £2bn in vehicle funding. The North Yorkshire-based finance broker provides funding from £25,000 upwards for prestige, sports and classic cars. It provided […]
Dealers expected to do more when selling car finance
Half of UK consumers who have financed a vehicle purchase within the past 12 months are now concerned about the affordability of their monthly payments, according to a new survey […]
Car finance confusion continues despite demand
New research has found that a large proportion of drivers are confused by car finance packages. According to JATO Dynamics findings, over four in 10 (43%) don’t understand the details […]
Car finance critical in cost-of-living crisis
The automotive finance market has grown significantly over the last decade, with 60% having bought their cars on finance in 2022. That’s according to JATO Dynamics’ latest consumer research, ‘Driving […]
Cost of living bites as car finance dips
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in February 2023 by five per cent compared with the same […]
Car finance down in December
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business by value and volume fell in December 2022 by six per cent compared […]
Zuto secures MVP gold status
Financial services provider Marsh Group has announced that leading car finance intermediary Zuto has been awarded the gold standard Marsh Valued Partners (MVP) Accreditation. MVP is a new accreditation scheme […]
Car finance costs soaring
Monthly payments on new car finance contracts have risen by more than 40% on some models since 2019. This is according to the latest research by What Car?, which found […]
Finance applications surge amidst rising costs
Car finance company Carmoney has discovered that there has been a 105% increase in the number of car finance applications in the past year. It has also identified a 53% […]
VWFS to launch ‘inflation-proof’ services
Volkswagen Financial Services UK (VWFS) will activate 810,000 ‘inflation-proof’ service plans this year in an effort to help customers tackle affordability issues in the current economic climate. The car finance […]