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finance Articles

Industry UK: Half of young drivers spend more on car finance than housing

UK: Half of young drivers spend more on car finance than housing

Men are twice as likely to find themselves in this situation.
By James Fossdyke 20 July 2021
Corporate / Financial UK buyers borrowed more than £3bn to finance cars in April alone

UK buyers borrowed more than £3bn to finance cars in April alone

That's despite overall sales being down on the average for the month.
By James Fossdyke 10 June 2021
Industry Lockdown keeps consumer car finance market down in February

Lockdown keeps consumer car finance market down in February

But the Finance and Leasing Association is hopeful of improvement as lockdown is eased.
By James Fossdyke 12 April 2021
Corporate / Financial UK new car finance down 35 percent in January as lockdown bites

UK new car finance down 35 percent in January as lockdown bites

But 93 percent of all private new car sales still involve some kind of finance deal.
By James Fossdyke 22 March 2021
Corporate / Financial New car finance market down by a quarter in turbulent 2020

New car finance market down by a quarter in turbulent 2020

But the used car finance sector wasn't hit quite so badly.
By James Fossdyke 15 February 2021
Corporate / Financial UK car finance market slumped as England locked down in November

UK car finance market slumped as England locked down in November

The finance market fell by around a quarter in November.
By James Fossdyke 14 January 2021
Corporate / Financial New car finance market grows again despite fall in sales

New car finance market grows again despite fall in sales

The number of new cars acquired on finance by private buyers was up five percent in September.
By James Fossdyke 06 November 2020
Corporate / Financial Car finance customers will get option of six-month payment deferrals

Car finance customers will get option of six-month payment deferrals

But the move has been blasted by the finance sector.
By James Fossdyke 03 November 2020
Corporate / Financial Car finance market up slightly in August despite drop in demand

Car finance market up slightly in August despite drop in demand

The consumer new car finance deals agreed in August were worth more than £1bn,
By James Fossdyke 13 October 2020
Corporate / Financial Growth in new car market prompts surge in car finance

Growth in new car market prompts surge in car finance

The market was worth more than £1.7bn in July.
By James Fossdyke 09 September 2020
Corporate / Financial Used car finance market soared in June despite sluggish new car sales

Used car finance market soared in June despite sluggish new car sales

Finance customers rushed to used car forecourts as lockdown was eased.
By James Fossdyke 10 August 2020
Corporate / Financial Car finance customers could 'save £165m' due to new rules

Car finance customers could 'save £165m' due to new rules

The rule change will come into force next year.
By James Fossdyke 29 July 2020
Corporate / Financial FCA extends car finance Covid payment holidays for extra three months

FCA extends car finance Covid payment holidays for extra three months

Those facing "temporary payment difficulties" get another three months of payment freezes.
By James Fossdyke 20 July 2020
Motorsport.com McLaren set to arrange loan with Bahrain national bank

McLaren set to arrange loan with Bahrain national bank

The McLaren Group looks set to arrange a loan from the National Bank of Bahrain to address an urgent cash shortfall.
By Adam Cooper 25 June 2020
Motorsport.com McLaren takes legal action in refinancing battle

McLaren takes legal action in refinancing battle

McLaren has successfully applied for fast-tracked legal action in the UK courts in a battle for urgent refinancing.
By Adam Cooper 24 June 2020
Corporate / Financial Non-bank lenders ask for help as forbearance requests top 1.6 million

Non-bank lenders ask for help as forbearance requests top 1.6 million

Industry body says lenders need "urgent" government support.
By James Fossdyke 15 June 2020
Corporate / Financial Car finance dropped dramatically in April

Car finance dropped dramatically in April

The coronavirus caused the finance market to shrink hugely.
By Dominik Wilde 09 June 2020
Corporate / Financial Fiat reveals payment waivers for finance customers who lose their jobs

Fiat reveals payment waivers for finance customers who lose their jobs

The offer is available with finance taken between June 1 and September 30.
By James Fossdyke 03 June 2020
Commercial Vehicles VW van stock now offered with no payments for three months

VW van stock now offered with no payments for three months

The company says the move will "support" businesses.
By James Fossdyke 27 May 2020
Corporate / Financial Which electric cars lose less value in the UK?

Which electric cars lose less value in the UK?

Curiously, the depreciation rate changes as they age, possibly due to battery concerns.
By Gustavo Henrique Ruffo 22 May 2020
Green Average lease car emissions tumble as more customers go electric

Average lease car emissions tumble as more customers go electric

Electric cars made up four percent of new lease cars in the final quarter of 2019.
By James Fossdyke 20 May 2020
Corporate / Financial Seat and Skoda launch finance deals with three-month payment breaks

Seat and Skoda launch finance deals with three-month payment breaks

The schemes differ, but both offer three-month windows without payments.
By James Fossdyke 15 May 2020
Industry Coronavirus crisis leaves drivers struggling to pay for their cars

Coronavirus crisis leaves drivers struggling to pay for their cars

Finance repayments and insurance bills are among drivers' biggest concerns.
By James Fossdyke 15 May 2020
Corporate / Financial New car finance market suffered in March as sales were slashed

New car finance market suffered in March as sales were slashed

Industry body says government intervention may be needed.
By James Fossdyke 11 May 2020
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