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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 116
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When you DO or DON’T need Gap Insurance💰🚙

Your Car Buying Advocate

Gap insurance can be a smart option to consider when buying a car. This insurance helps pay off what you still owe if your car gets totaled, and the payout from the insurance doesn’t cover the full loan amount. You don’t need to buy it in the finance office if you’re unsure if you need it.

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Polly’s Latest Report Highlights Insurance Opportunities for Dealers

AutoSuccessOnline

According to Polly’s Q4 2024 Embedded Auto Insurance Report , auto insurance rates stabilized in 2024 after two years of steep increases. The average in-dealership insurance quote averaged $199 per month in 2024, a stark contrast to the volatile swings of prior years that saw insurance rate increases vastly exceed inflation.

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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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Used-Car Manager Loses It, Attacks Film Crew Over $1,500 Non-Refundable Test Drive Deposit

Carscoops

As the finance manager, he reportedly took cash down payments and funneled them into three credit cards not registered in his name. They put fraudulent info on my insurance that wasn’t there consent they didn’t have the right person on the insurance or the paper work. Do not go to dealership.”

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Navigating New Tides: Dealership’s Strategic Adaptation to Finance Regulation Changes

AutoDealer Today

This case study examines the response of a local dealership’s finance and insurance (F&I) department to a significant shift in automotive finance regulationsA1.

Finance 130
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Car sharing clubs under threat as insurance costs soar

Autocar

Some have been operating since the 1970s, but in the past five years they have witnessed major rises in their insurance costs to the point that their viability is now under threat. Until recently, its fleet of five hatchbacks cost £6600 to insure, but at its last renewal the premium rose to £18,000.

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