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Car Loans

Nearly £20 billion to be spent on second-hand cars

Around 3.7 million people, 8% of the adults in Great Britain, plan to buy second-hand cars in the six months leading up to the end of February 2010, according to new research from Sainsbury's Finance.

Perrys Motor Group awarded SAF Approved

Perrys Motor Group is the latest high-profile dealer group to be recognised by the Finance & Leasing Association as SAF Approved after all 45 of the company’s retail outlets raised the finance knowledge of staff for the benefit of car buyers.

Value of personal loans for cars rises due to scrappage scheme

In a clear sign that the Government's car scrappage scheme is succeeding in its mission to stimulate the motor vehicle market in the UK, Sainsbury's Finance estimates that the scrappage scheme is directly responsible for a 37% increase in the value of personal loans

Autumn finance offers from Suzuki

Autumn finance offers from Suzuki

Suzuki is pleased to announce that its highly competitive 0% APR finance offers available on Swift, Splash, SX4 and Grand Vitara SZ models will continue until the end of this year; enabling customers to take advantage of an easier way to buy a new car either via scrappage or by trading in a more recent model.

Car finance market improves

Car finance business volumes remain lower than last year, but the rate of contraction recorded in July is the smallest this year, according to the latest figures by the Finance & Leasing Association (FLA).

Car finance fraud down

The motor finance industry helped cut cases of motor finance fraud by 29% in the second quarter of 2009, despite an increase in attempted fraud.

Good car deals available for those who shop around

With new car registrations out this month, you may be thinking of trading in your old car and buying something brand new. And if you drive an old banger you may even be thinking of taking advantage of the government's car scrappage scheme.

Government must help car finance industry, says FLA

Latest figures released by the Finance & Leasing Association (FLA) show the smallest drop in private new and used cars bought with dealer finance since September 2008.

HPI Finance Gateway to boost sales for dealers

HPI has launched a radical new online finance solution designed to boost the sale and profitability of dealers’ point-of-sale finance. The HPI Finance Gateway gives dealers direct access to competitive rates from leading finance providers - at no cost.

FLA supports calls for more help for car finance lenders

Commenting on the Business and Enterprise Select Committee report on Government assistance for the car industry, in which they recognised the need to provide support for companies providing motor finance to consumers and businesses, Stephen Sklaroff, Director General of the Finance & Leasing Association, said:

Research shows dearth of direct loans hitting car sales

The latest report from the automotive research specialist Trend Tracker shows just how hard the financing of car purchases has been hit by the credit crunch.

Great deals from Skoda Finance

Great deals from Skoda Finance

An attractive 6.9 per cent APR finance offer is now available from Skoda for customers looking to purchase a new car, through its Solutions scheme.

RMI to set up car dealer bank

Car buyers could soon have a new source for car finance, as the Retail Motor Industry Federation (RMI), the motor sector trade body representing 8,000 businesses that sell new and used cars, is exploring the viability of joining an existing bank entity to establish a standalone motor industry finance facility.

Huge surge in popularity for in-house car finance

Huge surge in popularity for in-house car finance

Brits are turning to in-house car finance products such as Personal Contract Purchase (PCP) plans in record numbers.

Fraudulent car loan applications rise sharply

Since the start of 2008 there has been a dramatic increase in the number of people attempting to obtain car finance fraudulently, according to analysis from Experian, the global information services company.