Millons of motorists should learn by the end of this month how long they will have to wait for payouts and how much they will get under the FCA’s motor finance redress scheme. The financial body has also said it expects most successful claims to be paid by the end of this year but acknowledges some may run into next year. The FC intends to introduce an … [Read more...]
Car finance ruling is confusing, say fleets
Uncertainty remains after Supreme Court ruling on car finance, said Paul Hollick, chair at the Association of Fleet Professionals. “We’ve gone from a situation on Friday where the Supreme Court verdicts suggested the worst risks for the motor finance sector had been removed, to one on Monday morning where the FCA’s intervention has reintroduced the … [Read more...]
Car repayments now second highest after mortgage or rent
A third (33%) of Welsh drivers say their monthly car payments are their second highest expense, after their rent or mortgage monthly payments. Drivers in the North East (37%) and West Midlands’ (36%) regions of England and Scotland (35%) are the most likely to agree with this. The Opinium survey of Welsh drivers among 2000 UK drivers, commissioned by … [Read more...]
