AFS rate drop

Multi-marque finance provider Alphera Financial Services has announced a new flat interest rate, starting at 3.25%, for hire purchase and personal contact plans, continuing until the end of September. Alphera director Spencer Halil said: "We recognise that the car sales market is tougher this year, particularly on new cars, so we want to offer our partners the chance to boost sales. The first part of the year proved extremely difficult for finding new customers and, having invested heavily in customer relationship management training, we now want to work on creating offers that are attractive to both our partners and their prospective customers