Motor Trader

AUGUST 7, 2024

The consumer new car finance market reported new business by value in June 6% lower than in the same month in 2023, while new business volumes fell by 12%. The consumer used car finance market reported a fall in the value of new business in June of 13% compared with the same month in 2023, while new business volumes fell by 10%.

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Motor Trader

JULY 9, 2024

International financial services group Admiral is recruiting a network of UK dealers to boost its car finance business in the UK. Our vision is to build the best Car Finance business in the UK. This story continues at Admiral to set up UK motor finance approved dealership network Or just read more coverage at Motor Trader

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Motor Trader

AUGUST 16, 2024

The Sun newspaper, which is owned by News UK, is gearing up to launch Sun Motors , a car listing and financing platform. Finance compliance is being handled by Nick McDonald & Jon Rix from The Compliance Guys , experts in motor finance compliance. It said it will soon be in touch with dealers to get them on board.

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CarExpert

JUNE 6, 2024

And does it make sense to pay cash or take a finance deal? Even after crossing those bridges and reaching the conclusion you’re ready to organise a loan for a fresh set of wheels, one question still remains – should you finance through the dealer, or look elsewhere? So, how does dealer finance work?

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Automotive News

SEPTEMBER 5, 2024

Chief Finance and Operating Officer Arno Antlitz painted a dire picture of VW Group's future during a meeting with workers in Germany.

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Motor Trader

JULY 30, 2024

The Financial Conduct Authority is extending the current pause to the time firms must respond to consumers about motor finance complaints involving a discretionary commission arrangement (DCA). The FCA announced a review of motor finance in January and into whether motor finance customers have been overcharged because of the past use of DCAs.

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Motor Trader

JULY 30, 2024

The motor finance commission review is set to face further regulatory and public scrutiny following the publication of the latest update from the Financial Conduct Authority. This story continues at Public and regulatory scrutiny of motor finance ‘set to grow’ Or just read more coverage at Motor Trader

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Motor Trader

AUGUST 1, 2024

Motor finance companies need to find new ways of adding value and informing customer choice, says iVendi. Aside from offering the cheapest finance deal, motor finance companies need to find another way to differentiate themselves. The proportion of buyers who don’t go with the cheapest deal tends to be low.”

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Motor Trader

JUNE 17, 2024

Over three-quarters of car buyers (76%) will consider dealer finance even though only half are comfortable with the process, according to MOTORS The research polled the views of over 2,000 in-market car buyers. This story continues at Only half of car buyers comfortable with dealer finance process Or just read more coverage at Motor Trader

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3 Brothers Autosale

DECEMBER 20, 2023

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. Understanding Good Credit Auto Financing Good credit isn’t just a badge of financial honor; it’s your golden ticket to favorable auto financing.

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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.

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Motor Trader

JULY 31, 2024

Marriott Motor Group, Howards Motor Group, VR EPS Warrington, Phantom Motor Company, Eastern Western Group and Hippo Motor Group are among dealer groups who have signed up to Alphera’s motor finance code. This story continues at Dealers sign up to Alphera motor finance code Or just read more coverage at Motor Trader

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Motor Trader

APRIL 9, 2024

October 2013 Dealers have turned in a strong performance in a consumer motor finance satisfaction survey carried out by technology firm iVendi. The survey found most consumers believed they had been treated fairly by the retailer in their online vehicle finance interaction.

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Auto Blog

MAY 24, 2024

Filed under: Car Buying , Car Dealers , Ownership Continue reading How long can you finance a new car? How long can you finance a new car? originally appeared on Autoblog on Fri, 24 May 2024 13:30:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments

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CarExpert

APRIL 20, 2024

There are two main options when it comes to paying for a new car: you can either pay the full sum upfront, drawing on existing savings, or you can opt for a finance package that involves taking out a loan and making periodic payments over a set term. “There are many different ways that someone can structure a finance loan. .

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Car Examer

JUNE 20, 2024

In this ultimate guide, we will explore everything you need to know about HP car finance, including its benefits, drawbacks, and how it compares to other financing options. When it comes to purchasing a new or used vehicle, financing is often a crucial component of the process. One popular financing option is Hire Purchase (HP).

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Finance Balloon Payment Early Termination Fees Termination Fee 59

Motor Trader

JUNE 17, 2024

Finance provider Shawbrook Group is to buy high end motor finance specialist JBR Auto Holdings , for an undisclosed sum. The acquisition broadens Shawbrook’s offering within the regulated motor finance sector.

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Finance Customer Marketing Technology 104

Motor Trader

FEBRUARY 12, 2024

The number of complaints received about motor finance and commission payment is closing in on half a million on the Martin Lewis MoneySavingExpert website. The guide included a free car finance reclaim tool so.

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Finance 85

Drive.com

AUGUST 1, 2024

Tesla buyers looking to finance their Model 3 could be eligible for a 1.99 The latter is defined as as a combination of “the interest rate plus certain fees and charges related to the finance”, according to brokerage firm Stratton Finance. per cent finance on Model 3 appeared first on Drive.

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Best Selling Cars Blog

JANUARY 14, 2024

When it comes to parting ways with your financed car , the decision between trading it in or selling it privately can be a daunting one. How to trade in a financed car? Trading in a financed car involves several steps to ensure a smooth and successful transaction. Is it a good idea to trade in a financed car?

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CarExpert

JULY 23, 2024

Using finance to buy a car is very common in Australia, and it’s just as common to need to sell a car that still has money owing on it. If you can’t pay back the finance on the car for whatever reason, the lender could repossess it from a new owner. Don’t try to hide from the buyer that the car has finance owing.

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Motor Trader

JANUARY 11, 2024

The Financial Conduct Authority (FCA) is to investigate historical cases of motor finance companies not paying out compensation to customers for discretionary commission arrangements. In 2021, the FCA banned discretionary commission, removing the incentive for brokers to increase the interest rate that a customer pays for their motor finance.

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Ultimate Car Blog

AUGUST 15, 2024

Car finance is one of the most popular ways for drivers to fund their next car purchase. Car finance comes in a number of different forms and can be tailored to your budget. This is where car finance comes into play and it can help drivers to get a car but pay for it over an affordable term. 1. Get a better, newer car.

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Motor Trader

JULY 9, 2024

New figures released today by the Finance & Leasing Association (FLA) show that consumer new and used car finance new business both by value and volume fell in May 2024 by 4% compared with the same month in 2023. Table 1: Cars bought on finance by consumers through the point of sale New business May 2024 % change on prev.

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Motor Trader

APRIL 9, 2024

The Finance & Leasing Association is forecasting a 5% decline in used car finance to £21bn. The consumer new car finance market reported new business by value in February 4% higher than in the same month in 2023, while new business volumes fell by 5%. year 3 months to Feb 2024 % change on prev.

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Motor Trader

MARCH 8, 2024

The consumer used car finance market in February saw its first growth in new business volumes in a year. The Finance & Leasing Association said the performance in the used sector was in stark contrast to the new market, which was in the doldrums. Overall, for February, the FLA said the consumer new car finance.

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Finance Retail Marketing Sales 110

Canadian Auto Dealer

AUGUST 27, 2024

As a result, auto dealers in Canada may be interested to note that EV maker Lucid has now introduced leasing to its portfolio of finance options in Canada through Lucid Financial Services. Peter Rawlinson, CEO and CTO of Lucid, also noted that the company’s flexible financing options are designed to fit the life of its customers.

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CarExpert

FEBRUARY 21, 2024

The class action, filed by Echo Law, alleges Toyota Finance Australia – which is separate to Toyota Motor Corporation Australia – facilitated undisclosed arrangements with Toyota and Lexus dealership staff who inflated interest rates on car loans between 2010 and 2018. Some of these loans are continuing today.

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Car Examer

MAY 14, 2024

With the automotive finance market set for growth between 2023 and 2031, here is a comparison of two wealthy, Western nations’ automotive finance market – especially in view of North America dominating the automotive finance market globally. 90% of all car sales are arranged through finance or loans. billion across 2023.

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Motor Trader

MAY 9, 2024

The Financial Ombudsman Service has now received more than 20,000 complaints from consumers who think they paid too much for motor finance. The body has contacted consumers and businesses to provide them with an update on motor finance commission complaints.

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Finance 64

Motor Authority

JUNE 10, 2024

VW Group acknowledges EV sales haven't taken off as expected The conglomerate believes EVs are still the future Current realities have made VW Group refocus and reallocate a third of its R&D budget back to vehicles with gas engines The Volkswagen Group has been one of the most bullish automakers on electric vehicles, having committed only a.

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Drive.com

JANUARY 9, 2024

A class action has been filed against Toyota Finance Australia, claiming it paid commissions to dealers that set higher interest rates above the base rate – a practice that was previously outlawed by authorities. The post Class action filed against Toyota over alleged dealer finance incentives – report appeared first on Drive.

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Motor Trader

JANUARY 22, 2024

Motor finance will be a key theme of the first Vehicle Remarketing Association (VRA) meeting of 2024. The event follows the decision by the Finance Conduct Authority to investigate motor finance and dealer commission. The meeting is taking place at the Derby premises of Geldards on Thursday 25th January.

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Finance 103

CarExpert

AUGUST 21, 2024

Genesis Australia is discounting all models by $3000 for a limited time, in addition to offering sharper financing deals. Additionally, approved customers who make a purchase through Genesis Finance can benefit from a five per cent finance rate, provided they put down a minimum 20 per cent deposit, on a maximum four-year loan term.

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Ultimate Car Blog

JULY 4, 2024

Car finance is one of the most popular ways for drivers to fund their next car purchase. Car finance comes in a number of different forms and can be tailored to your budget. This is where car finance comes into play and it can help drivers to get a car but pay for it over an affordable term. 1. Get a better, newer car.

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Motor Trader

APRIL 2, 2024

The Financial Conduct Authority is looking at historical arrangements for motor finance commission while taking a separate look at the GAP insurance market. This story continues at MT spotlight on motor finance Or just read more coverage at Motor Trader In 2021, the FCA banned.

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Motor Trader

JULY 10, 2024

International financial services group Admiral is recruiting a network of UK dealers to boost its car finance business in the UK. ” Separately, in its dealer recruitment portal it said: “Our vision is to build the best Car Finance business in the UK. It was founded 30 years ago and bills itself as Wales’ only FTSE 100 Company.

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