The next bank holiday weekend will see an estimated 10.8m leisure trips taken by car, suggests new RAC research, but if the sun shines there’s likely to be even more trips which will inevitably cause jams. While the figures indicate drivers have firm plans to take around 7.2m trips to see friends and family between Friday and bank holiday Monday – with Saturday and the bank holiday itself busiest … [Read more...]
FCA to act on car finance commissions
Some methods used by finance brokers to reward car dealers that end up overcharging an estimated 560,000 customers about £300 million pounds a year will be banned. The Financial Conduct Authority said it found widespread use of commissions that allow brokers to set the customer interest rate and thus earn higher bonuses. “We found that some motor dealers are overcharging unsuspecting … [Read more...]