With 1 in 8 cars seized by police because of tax or insurance evasion recorded as having outstanding finance against it, HPI’s CrushWatch is helping finance companies protect their assets by reclaiming vehicles before they get crushed. HPI CrushWatch recently recovered three vehicles worth over £100,000 to motor finance companies, including a high performance Audi [...]

Demand from consumers for new car finance is strong, but motor finance providers remain cautious about the prospects for 2010 as the UK slowly recovers from recession, the Finance & Leasing Association (FLA) says.
According to FLA statistics, in October the number of new cars bought by consumers using forecourt finance was up 18 per cent, [...]

Delegates gathering at today’s Finance and Leasing Association’s (FLA) Motor Finance Convention will hear that the number of new cars purchased by consumers using dealer finance grew by 15 per cent in September 2009, despite the scrappage scheme having limited impact on demand for finance.
This is the second consecutive month of growth and is a [...]

The Finance and Leasing Association (FLA) is the leading trade association for the motor finance, asset finance and consumer credit industries in the UK. Last year, FLA members provided £18 billion of finance for car purchases and funded over half of all new car sales in the UK.

In the current fiscal climate, finance and lease [...]

Lombard Vehicle Management has stopped using brokers to introduce new business in a move which sees the third largest vehicle leasing company cease funding to hundreds of businesses up and down the country.
A source at a broker company affected confirmed the withdrawal to ContractHireAndLeasing.com after receiving a letter through the post from Lombard Vehicle Management [...]

The latest figures released by the Finance & Leasing Association (FLA) show the smallest drop in private new and used cars bought with dealer finance since September 2008. The number of cars bought by consumers using finance obtained through dealerships in June fell by 6 per cent compared with the same month a year earlier.  [...]

The latest Business and Enterprise Select Committee Inquiry has recommended that the Government needs to do more to support the UK car industry.
The inquiry assessed the affects which measures taken to support the car industry have been effective. This includes the scrappage scheme and the Automotive Assistance Programme (AAP) launched on 27 January 2009, designed [...]

Purchases of new cars on finance were down 27 per cent in March 2009 compared with the same month in 2008, the latest figures from the Finance and Leasing Association (FLA) show.
March’s motor finance figures from the FLA show a disappointing market for car finance with consumer leasing of new cars falling 22 per cent [...]

The latest statistics released by the Finance and Leasing Association show that the number of people who took out car on finance dropped significantly in the last three months of 2008.
In Q4 2008, the number of cars bought on finance by consumers through dealerships was 19 per cent down on Q4 2007. Consumers purchased 27 per cent [...]

Lexus Financial Services have started advertising on the UK’s biggest Contract Hire and Leasing website www.ContractHireAndLeasing.com, Lexus have very competitive offers on the Is range and decided that www.ContractHireAndLeasing.com was the best place to advertise these offers as the site has 500,000 users every month all looking to lease not buy a new car or [...]