FLA members provided £18.1 billion of motor finance in 2008 and financed more than 50% of all new car registrations in the UK.
Our motor finance members include subsidiaries of banks and building societies, the finance sections of leading retailers and motor manufacturing companies, and a range of independent firms. They provide a wide range of facilities, including finance leasing, operating leasing, hire purchase, conditional sale, personal contract purchase plans, personal lease plans, secured and unsecured personal loans and credit cards. Our full membership directory identifies the motor finance companies within FLA membership.
FLA campaigns for best practice in lending and leasing. This site provides a guide to financing a car, glossary of the terms used in motor finance, FLA work on fraud prevention and some general motor related guidance.
You will also find general consumer guidance on money advice, lending processes and tips on credit repair and fraud prevention. While our business guidance pages look at specific hire purchase and leasing issues.
Our Lending Code and Business Finance Code set out standards of good practice for the finance and leasing industry. It is intended to reassure anyone who applies for finance from full members that they are doing business with reputable organisations.
Specialist Automotive Finance (SAF)
On 13 June 2007, FLA launched a motor finance competence test as part of FLA’s Specialist Automotive Finance (SAF) campaign to help raise consumer awareness of finance sold in motor dealerships. Raising standards and improving skills are core to addressing some of the challenges faced by the retail motor and motor finance industries. The Competence Test will not only identify the training needs of individual staff, but help with regulation compliance and provide staff with professional recognition that is valued by consumers.
| For more information please visit the SAF Website |  |
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