Motor Finance

Welcome to the motor finance pages.

The FLA is the leading trade association for the motor finance sector in the UK. In 2008, our members financed £89 billion of new business, including £18 billion of motor finance. In fact, more than 50% of all new car registrations in the UK were financed by FLA members.

Financing your car

Buying a car is the second biggest purchase most people make. Choosing the right finance is as important as getting the right make and model.That’s why we have launched a new online resource www.financingyourcar.org.uk, dedicated to helping consumers understand the breadth of finance and insurance options available to them.It’s not intended to be a comprehensive guide to buying a car - there are plenty of sites that do that already – but it does provide an impartial, informative and easy to use source of advice and information.

Best practice

The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.  You may wish to view our business guidance pages that look at specific hire purchase and leasing issues. 

Specialist Automotive Finance (SAF)

In 2007, the FLA launched a competence test as part of our Specialist Automotive Finance (SAF) campaign to raise consumer awareness of finance sold in motor dealerships. The competence test identifies the training needs of individual staff and supports compliance with consumer protection regulation. Staff certification offers the reassurance consumers need to have confidence in the information and advice they receive on motor finance in dealer showrooms.