Members provided £48.0 billion of new finance to help households and businesses purchase cars in 2019, including for over 91% of all private new car registrations in the UK.
In 2007, the FLA introduced Specialist Automotive Finance (SAF) which aims to raise professional standards and improve the knowledge of dealership staff involved in selling motor finance. We also have an online impartial guide to car finance www.financingyourcar.org.uk to help consumers understand the different motor finance options available to them.
In 2016, we won Government approval to develop a Motor Finance Specialist apprenticeship standard, which will highlight the skills and knowledge required by employers in this sector. The apprenticeship will launch in the second half of 2017.