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Fri, May, 11 2012
Finance for new retail cars is above pre-credit crisis levels, director general of the Finance & Leasing Association Stephen Sklaroff has told members.
With a slew of new dealerships and ambitions to increase new sales tenfold in 2012, SsangYong Motor UK chief executive Paul Williams is aiming high at a time when manufacturers are still dealing with a credit crisis hangover.
Following the failure to materialise of the paperless office, Ian Dewsnap considers five ideas in car finance heralded as 'game-changers' but which never came to be.
Only 28% of car purchases are made upfront, with an overwhelming 72% of buyers relying on finance, according to research by Alphera Financial, the motor finance division of BMW Group Financial Services.
Good deals meant that 64.5% of private consumers buying a new car used dealer finance in the tear to February 2012, a record figure.
Thu, May, 10 2012
Car finance provided to private consumers by members of the Finance & Leasing Association was up 22% in March, and 20% in Q1, year-on-year.
Thu, May, 3 2012
First quarter pre-tax profit at BMW Financial Services grew marginally year-on-year but dropped as a proportion of the automotive manufacturer’s group profit.
Tue, May, 1 2012
Suzuki has extended its low-rate finance package, including deposits starting at £1, offered earlier this year through Close Finance on all models above 126cc from 1 May.
Mon, Apr, 30 2012
Finance provided in the first quarter of 2012 by RCI Financial Services, the UK subsidiary of RCI Banque, was up 12% compared to the same period of 2011.
Fri, Apr, 27 2012
Results for Ally Financial, parent of finance provider GMAC UK, show a first-quarter profit increase from international car finance while North American car finance has stuttered.