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Finance and Leasing Association (FLA) company profile

Finance and Leasing Association (FLA): The Finance and Leasing Association (FLA) is the leading trade association for the asset, consumer and motor finance sectors in the UK. FLA campaigns for best practice in lending and leasing. Our website provides guidance for consumers on the types of finance products (explaining some of the words used), money advice, guidance on how credit decisions are taken and what happens when you want to repay your loan early. You will also find tips on credit repair, fraud prevention and our guide to financing a car. In 2009, FLA members completed £72.5 billion of new business. This included £16.8 billion of motor finance. Around half of all new car registrations in the UK were financed by FLA members. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses. You may wish to view our business guidance pages that look at specific hire purchase and leasing issues.

Finance and Leasing Association (FLA) website: http://www.fla.org.uk

All the latest news from Finance and Leasing Association (FLA):

  • Rising popularity for dealer-provided motor finance in 2011
    More than six in ten car buyers used dealer-provided motor finance last year. Although the figures released by the Finance & Leasing Association (FLA) exclude the final month of 2011, it is hard to deny the payment method’s rising popularity [...]
  • Rise in leasing deals illustrates buyer shifts
    Car buyers are more interested in getting the most bang for their buck over actual ownership of their vehicle as new figures show a rise in leasing deals. Data published by the Finance and Leasing Association indicates a 41% rise [...]
  • Car finance sales dip as people wait for new plates
    Finance & Leasing Association, the trade body for the motor finance industry has released figures showing the number of new cars bought on finance in February 2011 is  14% down on the same time last year and business investment in [...]
  • Fewer but more expensive cars financed in July 2010
    There are fewer people using motor finance to buy a car, but those who do are buying more expensive cars. This is the message taken from the Finance & Leasing Association’s motor finance statistics for July 2010. The number of [...]
  • FLA offer free training on Consumer Credit Directive requirements
    The Finance & Leasing Association (FLA) has revised its Specialist Automotive Finance (SAF) Competence Test and SAF Reference Material to provide dealers with the very latest knowledge on finance products and regulation. The update includes a brand new module on [...]
  • Greenhous enter SAF Approved ranks
    Greenhous Group is the latest high-profile dealer group to achieve SAF Approved status under the Finance & Leasing Association’s Specialist Automotive Finance (SAF) initiative.  Greenhous’ inclusion into the SAF Approved ranks means that half of the top ten UK dealer [...]
  • FORECOURT FINANCE UP, AS FLA CALLS FOR A BUDGET BOOST TO CONSUMER CONFIDENCE
    Consumer demand for new car finance grew for the eighth consecutive month in April, according to new figures from the Finance & Leasing Association.  In April this year, dealer finance provided to consumers for new cars was 20% higher than [...]
  • Beware! Thousands of car buyers risk committing finance fraud
    By providing false information in a finance application or selling a car which has outstanding finance, customers may not realise they are committing a serious crime. This was the warning from the Finance and Leasing Association (FLA), which published new [...]
  • Industry and Police partnership to beat car fraud
    Potential fraudsters are being warned that the 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 increase. The Finance and Leasing [...]
  • January’s motor finance sales up almost a quarter on previous year
    The latest motor finance figures from the Finance & Leasing Association showed that the return of the 17.5% VAT rate and heavy snowfall impacted on sales in January, but consumer new car finance sales were up almost a quarter on [...]
  • FLA plans to ensure economic recovery is sustained
    As the motor finance industry begins to show signs of recovery, the Finance & Leasing Association (FLA) has published details of its planned activities to help lenders prepare for the challenges of 2010 and ensure the economic recovery is sustained. [...]
  • Another month of motor finance growth but will 2010 still be tough on lenders?
    The latest motor finance statistics from the Finance & Leasing Association (FLA) show strong demand from consumers for new car finance, but motor finance providers remain cautious about the prospects for 2010 as the UK slowly recovers from recession. In [...]

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