Finance and Leasing Association

Record £34 billion of car finance debt taken in 2017

Despite falling new car sales, British car buyers were happy to plunge themselves ever further into debt during 2017, racking up a record £34 billion for the year.

Interest rate rise fails to slow car finance borrowing

November's rise in interest rates by the Bank of England appears to have done nothing to slow the increase in car finance debt, according to the latest results published by the Finance and Leasing Association (FLA).

Car finance debt still on track for record despite sales slide

Car finance records for the first ten months of 2017 show that the sector is still on track for record lending this year despite falling new car sales.

Individual car finance borrowing hits new records

Despite the fall in new car sales results, the amount of car finance being dished out remains unaffected according to latest industry figures.

Media warnings not slowing down car finance lending

The latest car finance results show that the media attention regarding car finance is not reducing the level of borrowing on either new or used cars.

Car buyer debt increases further despite warnings

The latest car finance figures show that buyers are borrowing more money to finance both new and used cars, despite all the media attention of late.

Car finance debt still at record levels in latest results

The latest figures show that car finance debt remained at record levels in June, with a fall in new car volumes balanced by an increase in used cars. 

Car buyers taking on more and more finance debt

As the issue of car finance mis-selling bounced back into the media this week, latest car finance results show that buyers are taking on increasing debt.

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