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Pressure mounts on dealers to gain SAF approval for motor finance

Motor Trader

Dealers who do not have SAF (Specialist Automotive Finance) or equivalent approval in 2025 will be unable to offer finance through any lender who is a Finance & Leasing Association (FLA) member and complies with the FLAs Lending Code, of which Tandem is one. Im afraid there will be no extensions or exemptions.

Finance 111
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Legal expert spells out impact on dealers of potential motor finance redress scheme

Motor Trader

Legal expert Professor Henry Blair of MILS has looked at an up and coming Supreme Court ruling that could trigger an FCA redress scheme for motor finance and the impact it could have on dealers The Supreme Court hears the Johnson, Wrench, and Hopcraft appeals on 13 April 2025. And dealers could be impacted.

Finance 114
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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.

Finance 98
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A Big Win for Car Finance Customers: What Court Ruling Means

Car Examer

Let’s break down what happened and how it might affect car finance customers. If you’ve ever financed a car through a dealership, there’s a chance you may have unknowingly paid more than you should have. But that’s about to change, thanks to a recent court ruling that’s shaking up the car finance industry in the UK.

Finance 59
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Arranging motor finance is biggest showroom pain for car buyers

Motor Trader

Arranging motor finance is the biggest bugbear for customers when it comes to buying a car. In contrast, consumers said the best part of the buying experience is the handover (71%), followed by test drives (62%) and viewing and comparing cars in dealerships (54%).

Finance 66
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Upstart Unveils Enhanced Showroom, Financing Solutions

AutoSuccessOnline

Upstart announced the largest and most significant set of product enhancements to the in-store and financing solutions on its Auto Retail platform. The enhancements empower dealerships to more easily configure and efficiently manage the sales process, desk deals, streamline financing workflows and close sales more quickly.

Finance 52
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20-Year-Old Crashes Through BMW Showroom After M4 CS Financing Denied

Carscoops

A Florida man crashed into a BMW dealership showroom in Gainesville on Tuesday. The legend of Florida man continues to grow as a 20-year-old went to a BMW dealership in Gainesville to buy a new M4 CS , a 543-horsepower coupe that costs north of $125,000. The crash resulted in approximately $60,000 in damage as well as criminal charges.

Finance 105