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Tesco used-motor venture folds a year after launch

Tesco used-motor venture folds a year after launch

Global supermarket brand Tesco has closed its ex-fleet car sales site after just one year trading.

Citroën launches £1000 ‘reward’ offer for newly restyled C1

Citroën launches £1000 ‘reward’ offer for newly restyled C1

Only 28% of car purchases are made upfront, with an overwhelming 72% of buyers replying on finance packages.

Moneyway pilots new shortfall loan product

Moneyway pilots new shortfall loan product

Prime and subprime car finance provider Moneyway is currently piloting its settlement short fall loan scheme with dealerships, providing a loan to cover the negative equity in a car finance deal.

FSA hammers motor finance provider

FSA hammers motor finance provider

Three directors of failed subprime lender Cattles and its subsidiary Welcome Financial Services have been banned from the industry by the Financial Services Authority and fined a total of £700,000 for misleading information regarding the company’s loan book.

What Roger did next

What Roger did next

Fred Crawley catches up with Roger Gewolb, a fixture of the UK motor finance industry since arriving from Chicago in 1974, to find out his plans for the future.

FLA motor finance statistics

FLA motor finance statistics

Cars bought on finance by consumers through dealerships and cars bought on finance by businesses.

Carlyle rebrands as MotoNovo

Carlyle rebrands as MotoNovo

Cardiff-based independent motor finance lender Carlyle Finance has changed its name and logo to MotoNovo Finance.

FinanceAcar launch first car group coupon scheme

FinanceAcar launch first car group coupon scheme

Car finance broker FinanceAcar.co.uk has launched CarRush.co.uk; an online group-purchase scheme which claims customers could save up to 40% off showroom prices for new cars.

Tax changes given lukewarm welcome

Tax changes given lukewarm welcome

Car finance experts have told Motor Finance that changes to the top and bottom personal taxation in Wednesday’s Budget will minimally impact retail.

Wholesale upturn for GMAC

Wholesale upturn for GMAC

Ally Financial subsidiary GMAC has added wholesale financing for MG Motors to its UK portfolio, weeks after being named Best Auto Finance Company 2012 by the Institute for Transport Management.


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