Finance Hub

Moneyshake, the car leasing comparison site backed by ex-Group 1 Automotive UK boss, Darren Guiver, has secured nationwide dealership coverage to offer new car buyers PCP deals on its platform. The launch of PCP offers means that people can directly compare leasing and PCP prices online in order to find the best deal on new and nearly-new cars. After two ...

Banking group Lloyds, has become the latest company to agree a partnership with Zoom EV. Zoom EV’s package of benefits includes discounted access to industry-leading public charging networks, smart home charging units, EV home energy tariffs and EV accident management services. Prospective EV owners getting finance online through Lloyds, one of the UK’s leading providers of motor finance, will receive ...

CarFinance 247 will roll out an updated user experience to consumers as demand for used car financing continues to grow. The platform will allow consumers to completely self-serve for the first time: completing the loan application, car search, and purchase agreement without needing to speak to an account manager. While the new process will empower consumers and put them in ...

Stellantis is overhauling the way it offers motor finance through its brands across Europe. It wants to create a leading operational leasing group and enhanced captive finance arm It is negotiating with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance and Santander Consumer Finance to to bring consistent financing activities to all Stellantis brand customers, dealers and distributors. “Following the ...

Philip Williams, managing director of car finance provider Oodle, gives some insight into how the industry needs to evolve in order to meet changing consumer demands… There is no doubt that in the last couple of years the car buying journey has transformed, partly accelerated by the pandemic and partly as a result of the continued shift to digital, with ...

New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business of only 1% by value, but 11% by volume in October 2021 compared with the same month in 2020. In the ten months to October 2021, new business volumes were 7% higher than in the same period ...

Dealers are facing fresh warnings to keep compliant finance and consumer records following the announcement of new rules from The Financial Conduct Authority that are set to be implemented by mid-2022. The advice comes from iStoreDOCS following news of the introduction of a new Consumer Duty by the Financial Conduct Authority, which will be backed by a data-led approach for ...

Motor finance broker Evolution Funding has appointed Katie Hayes to the board as its chief operating officer. Hayes joins Evolution from Lloyds Banking Group, where she was a member of the senior leadership team within the motor finance division. Positions held include head of Jaguar Land Rover Financial Services for Black Horse and head of partnership and market development. Prior ...

Expected high used car demand in early 2022 has prompted Startline Motor Finance to recruit additional staff. Paul Burgess, CEO, said that 10 employees were being added to the company’s origination team, based at its Glasgow headquarters, to handle increased levels of business. “We normally see a bump in demand during January and are expecting this to be a strong ...

Cazoo is ‘starting to think’ about bringing its finance proposition in house in order to capitalise on ancillary revenues. At an analyst briefing it said that looking at competitors in the US the potential for growth in finance was considerable. “Look at what you’ve seen with Carvana is that actually the opportunity on GPU is higher than they had originally ...