Car finance news
The Car Expert examines the latest news regarding car finance, as well as dissecting advertised car finance offers to make sure you have all the facts when talking to a car dealer.
New car finance rules will save you money – but not until 2021
The FCA has signed off new rules set to save customers an estimated £165 million a year – but you'll have to wait another six months.
Regulator offers further coronavirus car finance support
The Financial Conduct Authority has outlined further proposals to support car finance customers struggling as a result of the coronavirus.
Coronavirus: Payment freeze for car finance announced
The FCA has announced car finance lenders should offer customers a three-month payment freeze if they are struggling with their car finance bills as a result of coronavirus.
Car finance lender forced to pay customers £30 million in compensation
Car finance lender Moneybarn has also been fined almost £3 million by the Financial Conduct Authority (FCA) after failing to help vulnerable customers.
New car finance rules set to save customers millions
The Financial Conduct Authority (FCA) has announced stricter new car finance rules, which it says will save car buyers of the UK £165 million each year.
Lexus launches new car subscription service
Lexus is the latest car manufacturer to launch a subscription service that allows customers to pay a monthly fee for an all-inclusive ownership experience.
Financial watchdog to crack down on rip-off car dealers
Car dealers are ripping off buyers on their car finance by more than £1,000 to pocket higher commissions, Britain’s financial watchdog has found.
Reality check: Is Brexit making car finance more expensive?
Media reports in the last few days claim that Brexit is responsible for driving up the price of cars and the cost of PCP car finance. But is that actually true?
Car finance report 2018: record debt for new and used cars
Despite private new car sales falling more than 6% in 2018, it was yet another record-breaking year for car finance borrowing for both new and used cars.
Car finance debt continues to grow despite falling sales
Car finance debt increased in the third quarter of 2018, despite the number of new finance agreements falling in line with lower new car sales in September.
Car finance debt breaking new records in 2018
Car finance borrowing for 2018 to date has smashed previous records, as new and used car buyers continue to borrow more and more money for their cars.
Car finance levels continuing at record pace
The latest consumer car finance figures show that customers are still borrowing more and more money on both new and used cars.