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Car deliveries paused after finance commission ruled unlawful

Autocar

Court of Appeal's ruling effectively bans dealers profiting from finance deals unless the buyer gives their consent Some car makers have paused sales in the wake of a UK court judgement that taking commissions on car financing is unlawful. The trio had previously had their cases thrown out by lower courts.

Finance 115
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Buyers hesitant to use dealer provided car finance

Motor Trader

Half of buyers are hesitant with regards to using dealer provided car finance following last years Court of Appeal ruling on undisclosed commission payments, says Motors. Fifty-three per cent of the buyers p were aware of the issue surrounding car finance sales. This number rose to 59% for men and 63% of over 55s.

Finance 69
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Nissan X-Trail deal brings free servicing, sharper financing

CarExpert

One dealership in South Australia is offering three years of free servicing for both front- and all-wheel drive X-Trail ST-L variants until the end of November, in addition to a national finance deal. percent finance rate until the end of November, with a maximum loan term of 36 months. All X-Trail models are currently subject to a 3.9

Finance 98
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Marsh Finance adopts iVendi’s new point-of-sale system

Motor Trader

Rochdale-based lender Marsh Finance has signed a deal to adopt iVendi’s new point-of-sale system. Marsh Finance can now share its proposition with dealers across iVendi’s user base. The system will allow for fast and compliant quotation generation and easy application completion for online and showroom car buyers.

Finance 105
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Buyers set to have longer to complain after car finance commission ruled unlawful

Autocar

Court of Appeal's ruling effectively bans dealers profiting from finance deals unless the buyer gives their consent Buyers who took out car finance deals that included non-discretionary dealer commission are set to have longer to complain after a court ruling deemed the practice unlawful.

Finance 64
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Dodge Charger Daytona EV Shows Its New Colors As It Gets 0% Financing Deal For Some

Carscoops

The deal is only available to buyers in the Northeast, Southern, and Central US. Read: Dodge Tries To Woo Charger Daytona EV Lessees With Extra $1,000 Loyalty Discount Buyers in the Northeast, Southern, and Central US can pick up the keys to the new EV with 0% financing for up to 72 months, a bulletin recently sent to dealers reveals.

Finance 122
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FTC Says 90% Of Buyers Paid $2,000 More Than Advertised At Stellantis, GM And Ford Dealer Group

Carscoops

Nearly 90% of buyers allegedly paid $2,000 more than advertised between 2020 and 2023. Once in the building, the dealer network would then reportedly add on junk fees, tell the customer that they had to finance the car in-house, or that they didn’t qualify for the advertised price.

Buyer 116