Car finance, the umbrella term which covers various payment options, can be confusing. The term drivers find most baffling is ‘balloon payment’ – which refers to a lump sum owed to
With the UK enduring a serious and potentially long-lasting cost of living crisis, there are concerns for motorists contracted to expensive finance deals. Almost all new cars are purchased using
The consumer used car finance market reported new business up 10% by value, but 3% lower by volume in June compared with the same month in 2021. In the first
Despite changing consumer trends and new technologies, there still remains a significant preference for UK customers to make that final or most significant step in the purchase process face-to-face, in
The sustained momentum saw a record March performance for the business’ car, LCV, motorcycles, corporate and broker channels. The result was a record month that the business’ Managing Director Karl
Business also announced that Jon Slater, Chief Strategy and Marketing Officer will be transferring from the Senior Leadership Team into a new Aldermore Group role developing the Group’s broader strategy. Â
Car buying can be an emotive and complex process – and there is currently a lot of pressure on dealers, especially when it comes to finance. Arranging finance with a
According to the Opinium survey of 2,000 UK drivers, commissioned by InsuretheGap.com, an independent provider of GAP (Guaranteed Asset Protection) insurance for new and second-hand cars, drivers in Scotland (34%)
New guidance from the Financial Conduct Authority covers users of credit cards and other revolving credit, personal loans, motor finance, buy-now pay-later (BNPL), rent-to-own (RTO), pawnbroking and high-cost short-term credit
Applications for both Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements have been markedly higher than during the same period in 2019 since showrooms reopened on June 1.
The Leasing Broker Federation is an independent membership organisation supporting leasing brokers and operators across the uk. It better equips brokerages with knowledge and skills supporting them to thrive within this growing sector.
It also provides a mutually beneficial business community environment for all market relevant companies, such as leasing companies, funders, manufacturers, service suppliers and dealerships. These companies make up our federation partner network.
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