There is no denying that it is a very interesting time to be in the automotive finance and insurance market, and like it or not, …
Alphera financial services: a fireside chat with Spencer Halil July 18, 2019 Verdict Staff Tax and the motor trade: common issues and considerations
HM Revenue and Customs (HMRC) is very aware that there are some common employment tax issues for motor retailers that are often treated incorrectly. It …
Motor finance review: some doubts about the FCA’s final findings
On 4 March, the Financial Conduct Authority (FCA) published its conclusions on the consumer motor finance industry. While its interim report praised the industry for …
Credit decisioning: why be stuck in the past?
Neil Williams, managing director at LendingMetrics, argues that the arrival of Open Banking means motor finance providers no longer have an excuse for delaying the …
The FCA and motor finance: can lenders expect a spike in complaints?
It is safe to say that the regulatory spotlight on motor finance is intensifying. The rapid growth in PCP in the past few years has …
EV financing: more of the same, or new issues?
There has been impressive growth in the electric vehicle (EV) sector in the past few years, with greater numbers of consumers demanding either electric or …
Supervision of agents: lenders’ obligations in introducer compliance
There is a common misconception in the motor finance industry that provided your agent has the relevant FCA permissions to carry out the regulated activity …
Driver 1: adapting to the new consumer
Your son or daughter has passed their test and wants their first car. Once, they would get a 15-year-old hand-me-down and spend weekends with a …
Dealers and incentives: put satisfaction at the heart of your strategy
With the Financial Conduct Authority’s (FCA) final review out in the public domain, now is the time for car dealers and finance brokers to ensure …
GDPR: an update for dealerships
As we approach the first anniversary of GDPR, it is an appropriate time to reflect on some of the common day-to-day compliance issues that dealerships …