All articles by MF Editorial
MF Editorial
Fraud on the rise as consumers driven to desperate lengths
We have seen an increase in the number of customers turning to motor finance to fund the purchase of a new car However, as the sector has grown, our figures have also revealed a significant increase in the number of fraudulent motor finance applications
Anti-vehicle fraud unit recovers cars worth £3.9m
Since operations began in September 2007, the Association of Chief Police Officers Vehicle Crime Intelligence Service (AVCIS) has announced the recovery of 289 cars, worth £3.9 million, on behalf of Finance & Leasing Association (FLA) members.
Phone still beats web among fleet customers, survey finds
Fleet customers still prefer telephone to internet for a variety of services, according to a survey by Lombard Vehicle Management
Heart of Midlothian gets 24 Citroëns from Lex
Football club Heart of Midlothian has taken delivery of 24 Citrons in a deal arranged by David Reid of M&D Vehicle Management, with contract hire provided by Lex on a two-year, 20,000 mile basis
Car sales scam hits lessors
Car sales scam hits lessors A substantial motor fraud in South Wales has left over 30 finance companies facing losses, while consumers face repossession of new cars which they thought they had purchased outright for cash.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Merger to create motor finance giant
Merger to create motor finance giant Fundamental changes in the fleet and motor finance market are on the horizon, following last months dramatic news that two of the UKs largest banks are to combine their operations.
More regulation on the horizon?
Regulation is a hot topic at present for Europes automotive finance and leasing industry, going by the subject of discussions at this months Leaseurope and Eurofinas joint annual convention Although the sun made a good showing over Madrid, a sober atmosphere prevailed over the two-day event entitled Navigating through change after rounds of frank opening speeches set the predictably unhappy economic scene.
Barclays Asset & Sales Finance closes to broker-introduced business
Barclays Asset & Sales Finance offers vehicle finance – hire purchase and finance leases – to clients, as well as financing a wide range of other types of assets.
GMAC UK not following US arm’s lead in restricting loans
While GMAC in the US has restricted car loans to non-prime consumers, the former captives UK arm has not significantly slowed its support for new car approvals, said managing director for sales and marketing, Dennis Foley There has been a very slight tightening in GMAC UKs underwriting due to overall economic conditions, but we are still working together with General Motors GM and Vauxhall to support dealers and customers.