Consumer new car finance volumes down 7% in October
The Finance & Leasing Association is the leading trade body for the asset, consumer and motor finance sectors in the UK, and the largest organisation of its kind in Europe.
Our members include banks, subsidiaries of banks and building societies, the finance arms of leading retailers and manufacturing companies, and a range of independent firms.
In 2016, our members provided £118 billion of new finance. £88 billion of this was in the form of consumer credit to support purchases ranging from cars to household goods and £30 billion was provided to businesses and the public sector, representing almost a third of UK investment in machinery, equipment and purchased software in the UK last year.