More help needed for motor finance lenders says FLA
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.”
See also:
- January’s motor finance sales up almost a quarter on previous year
March 15, 2010 - Nearly two-thirds of new cars bought on finance as consumers warm to leasing
May 17, 2012 - FLA flags up rise in conversion fraud
March 28, 2012 - Car finance enjoys new year popularity
March 12, 2012 - Tiny slip for dealer finance amongst businesses in 2011
February 14, 2012 - Rising popularity for dealer-provided motor finance in 2011
January 12, 2012 - FLA report 17% jump in PCP deals
September 15, 2011 - Nearly 6 in 10 car buyers use dealer finance
August 15, 2011 - News round-up: Elektromotive wins, finance up, Leasedrive rebranded + more
July 11, 2011 - Rise in leasing deals illustrates buyer shifts
June 21, 2011
No comments yet
