Latest Car loan and car finance News
Citroën 2011 offers for LCV customers
Citroën has a range of competitive Citroën Contract Motoring contract hire deals available in the first quarter of 2011, as part of its “Citroën Vans - Business Class” programme. In addition, there is a choice of customer offers to make it even easier to purchase a new Citroën LCV. Examples of the Citroën Contract Motoring offers available during the first quarter of 2011 are: £159 + VAT * for a new Berlingo First HDi 75 manual 750 £184 + ... [more]
New Yamaha finance and insurance packages
Yamaha have announced some great new finance and insurance packages for 2011. Whether you hanker after the street-wise Fazer8 ABS to ride for that blast around the lakes or the crossplane-cranked YZF-R1 to enjoy linking corners with, Yamaha have the finance offer you need to get yourself a brand new motorcycle. The company has created affordable and flexible plans, headlined by 0% finance but including subsided fixed APR rate loans, so that yo... [more]
Less than 10 percent of attempted motor finance frauds succeed
According to the Finance & Leasing Association's statistics, only 8.7% of attempted motor finance frauds succeed. And of those that do succeed, 44% of the cars involved are recovered by lenders. The FLA statistics reveal that in Q2 2010, there were 2,361 cases of attempted or suspected motor finance fraud. Rigorous checks by dealers and finance companies kept the actual number of cases where the fraud was not spotted down to 224. This figure i... [more]
Car Crime Awareness Week to raise awareness of motor fraud
In 2009, FLA members that provide motor finance reported that there were more than 11,000 attempts to obtain fraudulent car loans in the United Kingdom. Had these attempts not been caught during lender checks, it would have resulted in loans worth £133 million being granted to fraudsters. The car finance industry has teamed up with a specialist police unit to crack down on cases of car finance fraud, at a time when attempted fraud is on the incre... [more]
First increase in dealer finance provided to consumers for new cars in over a year
Sales of new cars bought by consumers using dealer finance have grown for the first time since July 2008, according to figures published by the Finance & Leasing Association (FLA). In August, the number of new cars sold with dealer finance to consumers increased by 4% compared with the same month last year (see table below). While this is welcome, a recent survey of FLA members confirmed that the high cost and restricted availability of wholes... [more]
