More help needed for motor finance lenders says FLA

By Lee Sibbald 20 July 2009

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:

“Access to well-priced wholesale funding is still a problem for many motor finance providers and that means they may become unable to meet customer demand for car finance. We have been discussing the issue with the Department for Business since November 2008. We now need practical action on schemes to help improve the availability and affordability of funding.”


Categories: Fleet news , FLA

RMIF warns garages to beware electric sting Is it time to retire your tyres?

See Also

Leave a Comment...

Fleet Voice Column

What Citroen’s quirky Mehari can teach us about tomorrow’s company cars

Citroen has just marked the 45th anniversary of its quirky Mehari fun car with a bespoke display at its chic design centre in the middle of Paris. While the Mehari may be more beach dunes than Champs-Elysées, it points up…

Gearboxes are an indicator of how far we’ve come

If you ever need an example of how far the car and automotive technology has come in a single generation, just reach for the gear lever in your car. A mere 25 years ago, you would most likely have the choice of five gears…

Why LPG could play a huge part in driving the future of our fleets

There are a great many considerations to take into account when looking at your next company car. Some are purely financial and others will be environmental, either because of monetary reasons or because of your conscience.…

How the latest batch of hot hatches are heating up motoring for the business driver

Hot hatches have been through a few ups and downs in the time the class has properly existed. From must-have 1980s accessory to untouchable, uninsurable liability in the early 1990s, the sector has been on the rise again…

Vauxhall’s hushed new engines bring back company car appeal

The sound of silence is something usually reserved for the luxury end of the car market, but sat here in a Vauxhall Zafira Tourer there is an eerie lack of audio interruption. Before you think we need the tender care of…