Carscoops

SEPTEMBER 16, 2024

The VW Group is transitioning away from its own private financing branch for customers. The shift in financing strategy comes amid a slump in VW’s financial performance. Volkswagen announced on Monday that its US Financial Services arm (VWFS) would partner with Wells Fargo to provide financing for customers.

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Finance Dealerships Customer Marketing 126

Machines with Souls

OCTOBER 20, 2024

The post Should you buy, lease, or finance this $117k BMW M4 Coupe? A new BMW M4 Coupe with a sticker price of $117,000 was left behind at a dealer. It's a lot for an M4, but this is about how you purchase it. appeared first on Machines With Souls.

Finance 130

Finance Automotive 130

Motor Trader

SEPTEMBER 24, 2024

The Financial Conduct Authority (FCA) is giving finance houses and dealers more time to deal with complaints on motor finance commission. In January this year it announced a review into whether motor finance customers have been overcharged because of the past use of DCAs.

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Finance Deal Consulting Customer 101

Motor Trader

OCTOBER 8, 2024

Close Brothers Motor Finance (CBMF) has appointed John Cassidy as managing director – sales. He reports to Seán Kemple, CEO Motor UK and Retail Finance Ireland at CBMF. He reports to Seán Kemple, CEO Motor UK and Retail Finance Ireland at CBMF.

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Finance Sales Retail Development 105

Motor Trader

SEPTEMBER 3, 2024

Paragon Bank has appointed Dave Wilson as Managing Director of its Motor Finance division, following Julian Rance’s retirement. Wilson joined Paragon’s Motor Finance division in 2017. His 25 year career in financial services includes work with Close Brothers, Bank of Scotland and MotoNovo Finance.

Banking 105

Banking Finance Development Management 105

Motor Trader

SEPTEMBER 13, 2024

The consumer car finance new business volumes grew in July 2024 by 1% compared with the same month in 2023. The consumer new car finance market reported new business by value in July 5% higher than in the same month in 2023, while new business volumes fell by 3%. “Recent data from the SMMT shows a 7.2%

Finance 105

Finance Banking Marketing Sales 105

Motor Trader

AUGUST 29, 2024

Complaints on finance issues soared 70% in the three months to June, according to the Financial Ombudsman Service. Motor finance Hire purchase (motor) was the second most complained about product, behind credit cards, with 15,925 complaints, of which around three quarters are in relation to motor finance commission.

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Finance Consulting Customer 106

Best Selling Cars Blog

OCTOBER 1, 2024

Dreaming of that new car smell but worried about financing as a first-time buyer? Let’s break down how you can qualify for vehicle finance and make that dream a reality. What Is Vehicle Finance? Simply put, vehicle finance is a loan specifically for buying a car. . Don’t sweat it!

Finance 130

Finance Buyer Prepayment Penalties Down Payment 130

CarExpert

NOVEMBER 18, 2024

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

Finance Deal Finance Rate Term 98

Motor Trader

NOVEMBER 6, 2024

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. Marsh Finance provides car finance solutions to customers directly and through car finance intermediaries.

Finance 105

Finance Sales Deal Technology 105

Motor Trader

FEBRUARY 18, 2025

1407908075 The National Franchised Dealers Association (NFDA) has been given permission to intervene in the motor finance case taking place in the Supreme Court. The Finance and Leasing Association and pro-claimant lobbying group Consumer Voice have also been refused permission according to the Law Gazette.

Finance 97

Finance Banking Development 97

Motor Trader

JANUARY 21, 2025

Chancellor Rachel Reeves has intervened in the motor finance commission case in a bid to protect banks and finance houses from paying out hundreds of millions of pounds in compensation to consumers. The judgment related to fixed commission motor finance agreements as well as DCAs, which the FCA banned in 2021.

Banking 106

Banking Finance Retail Consulting 106

Carscoops

SEPTEMBER 5, 2024

VW’s finance chief has warned that it only has “one, maybe two years” to turn the main Volkswagen brand around. Arno Antlitz spelled out the serious nature of VW’s situation to workers during a meeting at the firm’s Wolfsburg HQ, telling them sales wouldn’t return to pre-COVID levels.

Finance 131

Finance Automotive Sales Marketing 131

Motor Trader

OCTOBER 29, 2024

Legal firm MILS has issued guidance to dealers on motor finance Discretionary Commission Claims, a huge issue for the retail sector in the light of the Court of Appeal ruling. Train Your Team: Ensure that your sales and finance teams understand the importance of disclosure and can clearly explain commission structures to customers.

Finance 98

Finance Banking Retail Deal 98

Carscoops

NOVEMBER 25, 2024

At the same time, Stellantis announced a new financing deal that could tempt power-hungry enthusiasts to get behind the wheel of the new electric muscle car rather than waiting for next summer (or fall) when the ICE-powered version with a turbocharged straight-six engine is expected to reach dealers.

Finance 122

Finance Deal Lessee Buyer 122

Motor Authority

SEPTEMBER 10, 2024

Hoonigan's finances have hit the skids but the company is determined to stay in operation. The automotive entertainment and aftermarket parts business famous for its Gymkhana videos starring Ken Block announced on Monday that it has filed for chapter 11 bankruptcy protection with a court in Delaware. Hoonigan said it has entered into a.

Finance 272

Finance Automotive 272

CarExpert

JANUARY 21, 2025

Cupra’s most popular model in Australia, the Formentor SUV, has received financing and drive-away pricing discounts as part of the Spanish brand’s Obsesin sales event. The offer covers three variants of the model year 2024 (MY24) range. 100s of new car deals are available through CarExpert right now. Browse now.

Finance 98

Finance Deal Sales 98

Motor Trader

OCTOBER 21, 2024

This story continues at Evolution Funding appoints finance chief for M&A and expansion drive Or just read more coverage at Motor Trader “His expertise in managing complex acquisitions and his experience with private equity make him an ideal fit for our next phase of growth.

Finance 106

Finance Banking Technology Management 106

Motor Trader

FEBRUARY 18, 2025

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.

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Finance Buyer Demographic Sales 69

Auto Express

JANUARY 30, 2025

UK Government is in talks with finance industry over guarantees aimed at reducing interest rates

Financing Costs 88

Financing Costs Finance Buyer 88

Auto Express

JANUARY 29, 2025

DS Automobiles launches a pair of models celebrating 70 years of the classic Citroen DS, with special trim and compelling finance offers

Finance 78

Finance Deal 78

Motor Authority

FEBRUARY 9, 2025

Due to slowing EV growth, Porsche is now focusing on developing additional gas and plug-in hybrid models Costs associated with the development have led Porsche to cut its profit forecast for 2025 Porsche may terminate the contracts early for the bosses of its finance and sales divisions Porsche has warned that its 2025 profits will take a major.

Finance 186

Finance Development Sales 186

Autocar

FEBRUARY 18, 2025

Court of Appeal's ruling effectively bans dealers from profiting from finance deals unless the buyer gives consent The Supreme Courthas blocked chancellor Rachel Reeves from intervening in the landmark car finance case that is thought to have affected millions of buyers. WHAT DOES IT MEAN?

Finance 58

Finance Banking Deal Buyer 58

Motor Trader

FEBRUARY 18, 2025

Crider joins Carwow Group from Securitas, where he was European CFO, leading 200 finance personnel across Europe. This story continues at Carwow Group appoints chief finance officer Or just read more coverage at Motor Trader Carwow Group has appointed Jeremiah Crider as chief financial officer.

Finance 52

Finance Retail Technology 52

Motor Trader

FEBRUARY 20, 2025

Black Horse owner Lloyds has set aside a further 700m for potential costs associated with motor finance Commission payments which will be heard in the Supreme Court in April. This is in light of the Court of Appeal judgment on Wrench, Johnson and Hopcraft that goes beyond the scope of the original FCA motor finance commissions review.

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Best Selling Cars Blog

MAY 27, 2024

Understand what your car financing options are If it has been a while since you last bought a car under finance, it makes sense to familiarize yourself with the subject. Also find out what the criteria are, for example, whether you need a good credit limit to apply for a certain form of financing or if there is an age limit.

Finance 130

Finance Banking Insurance Deal 130

Motor Trader

FEBRUARY 12, 2025

However, despite the intense regulatory focus on how dealers conduct finance sales, the explanation of available finance packages was rated by buyers as the least important consideration of the eight. Other key deciders included the mechanical standard of vehicles and cleanliness of vehicles. day improvement on stock turn.

Customer 103

Customer Sales Finance Management 103

3 Brothers Autosale

JUNE 16, 2024

Financing Flexibility If you desperately need a car but don’t have adequate finances to buy one, it is best to seek help from a used car dealer. Used car dealers offer financing options. Some dealers offer in-house financing, while others work with multiple financial institutions to offer various financing plans.

Finance 130

Finance Repairing Dealerships Deal 130

Carscoops

APRIL 7, 2024

Quarterly New-Car Finance Data Category 2024 Q1 2023 Q1 2023 Q4 Term (months) 68.3 Monthly Payment $735 $730 $739 Amount Financed $40,427 $40,468 $39,977 APR 7.1 ” Quarterly Used-Car Finance Data 2024 Q1 2023 Q1 2023 Q4 Term 69.7 Monthly Payment $546 $551 $561 Amount Financed $27,774 $28,610 $28,643 APR 11.7

APR 130

APR Down Payment Finance Buyer 130

Auto Express

DECEMBER 2, 2024

A newspaper column and whispers suggest that government-backed cheap EV loans could be coming to stimulate market

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Finance Sales Marketing 100

AutoDealer Today

JUNE 4, 2024

Voting is now open for the 20th annual Dealers’ Choice Awards, a program designed to recognize auto dealers’ favorite vendors, suppliers, and finance partners.

Finance 130

Finance 130

Carscoops

JUNE 6, 2024

The $17,500 discount is available for leasing, financing, and buying the hybrid SUV outright. Those happy to purchase an XM outright or finance once through BMW are eligible for a $15,000 discount. The entry-level BMW XM has a 4.4-liter liter twin-turbocharged V8 churning out 644 hp and 590 lb-ft. BMW sold 1,906 XMs in the U.S.

Finance 119

Finance APR Deal Marketing 119

AutoDealer Today

MARCH 1, 2024

Discover the secrets to avoiding costly fines and legal troubles in automotive finance with 'The F&I Forbidden 20.' Your essential guide to F&I Prohibited Practices.

Finance 130

Finance Automotive 130

CarExpert

MAY 1, 2024

Ram Trucks Australia is celebrating the milestone, which was reached with the remanufacture of a 1500 Big Horn in Melbourne, by offering a new finance deal. per cent no-deposit finance package. Until the end of June, all Ram 1500 Big Horn models sold and delivered will be offered with a 4.99

Finance 130

Finance Deal Management Marketing 130

Carscoops

JULY 22, 2024

this year, with an average amount of $28,166 being financed. ” Quarterly New-Car Finance Data (Averages) 2024 Q2 2023 Q2 2024 Q1 Term 69.0 Monthly Payment $740 $733 $735 Amount Financed $40,873 $40,356 $40,427 APR 7.3 Monthly Payment $552 $569 $546 Amount Financed $28,166 $29,665 $27,774 APR 11.5

Down Payment 118

Down Payment APR Finance Term 118

Motor Trader

NOVEMBER 6, 2024

Its dashboards provide updates on critical information about all aspects of an automotive business including CRM, sales, service, parts and finance. Sharman said: “The AutoBI team are excited to become part of Bumper and support its growth in the UK and Europe as the leading finance platform for car retailers.

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Retail Finance Automotive Sales 115

Carscoops

JANUARY 11, 2025

With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check. in Q4 2023, a small consolation for those financing record-high amounts. New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8

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Buyer Down Payment APR Finance 105