Tag Archives: MotoNovo

Legal firm MILS has issued guidance to dealers on motor finance Discretionary Commission Claims, a huge issue for the retail sector in the light of the Court of Appeal ruling. The Court of Appeal upheld an appeal against Close Brothers, First Rand Bank and MotoNovo Finance ruling that motor dealers acting as credit brokers have a duty of loyalty to ...

MotoNovo Finance has paused selling motor finance while it updates its processes. The move follows a Court of Appeal ruling on Motor Finance motor finance Discretionary Commission Claims, which ruled in favour of consumers. In a statement on its website, MotoNovo said: “To all our valued customers, following a recent Court of Appeal decision which considered the payment of commission ...

The Court of Appeal has upheld an appeal against Close Brothers, First Rand Bank and MotoNovo Finance ruling that motor dealers acting as credit brokers have a duty of loyalty to their customers. The decision could pave the bay for billions of pounds to be paid out to customers although Close Brothers has said it is going to the Supreme ...

  The prestigious Extra Mile Awards, hosted by MotoNovo Finance, are just around the corner. The quality of entry submissions this year has been impressive, giving the judging panel plenty to consider. While there can only be one winner in each category, making the shortlist is something to be proud of. So here is the class of 2024; well done ...

MotoNovo Finance is continuing to call on the government to introduce support for used BEV buyers that is not limited to employer benefit schemes. It said its consumer research on the emerging used electric vehicle market, involving 2,000 UK adults, supports this levelling-up call. While the price gap between ICE cars and BEVs has closed in the newer used car ...

MotoNovo is axe its online classified and finance platform findandfundmycar.com in early 2024. The platform was launched in 2018. The finance company recruited a dealer council to define strategy for the new website and also used dealers’ families and pets in the shoot. FindAndFundMyCar said at the time it planned to spend £5m in the first six months post launch ...

MotoNovo Finance has expanded its senior leadership team with three senior external appointments. Leanne Christmas joins as conduct and business risk director; Alice Sweet becomes product and proposition director; and James Gearey has been appointed interim commercial and performance director. The new additions will report to managing director, Richard Jones, as he continues to reshape the business he joined in ...

Check out the exclusive interviews with senior management at MotoNovo Finance on how the company is working to improve diversity and inclusion in 2022 and beyond. Karl Werner, managing director at MotoNovo Finance, describes how MotoNovo is working to champion diversity, equity & inclusion in the workplace. And Donna Slater, head of strategy, research, and proposition development at MotoNovo Finance, ...

MotoNovo has announced an all-new Senior Leadership Team led by Managing Director Karl Werner. It said the team is designed to spearhead ambitious plans for further expansion in the year ahead . The new team is: Debbie McKay, promoted to the new role as Commercial Director of Motor Sales Chris Rowthorn, promoted to a new role as Director of Motor ...

The move to online for used car buying has eased in a post-lockdown environment. Expectations of what can be done online have also declined from last year according to MotoNovo Finance’s latest research programme. It showed that 65% of people expect to buy a used car in the showroom, and just 7% of people would purchase a used car entirely ...