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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.

Latest car finance results show no slowdown in borrowing

Latest numbers show that car finance continues to drive car sales across the country, even though the number of new car sales is still falling.

Surge in car finance despite falling sales

The car finance sector has started 2018 with some surprisingly good results, based on data published last week by the Finance and Leasing Association.

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