Finance regulator reaches milestone

Figures have shown that 2,000 dealerships are now approved under the Finance and Leasing Association's (FLA) Specialist Automotive Finance (SAF) programme.

The SAF was set up five years ago by the FLA to ensure that a certain standard of motor finance was upheld in showrooms for UK car buyers.

The milestone 2,000th showroom is a TC Harrison dealer group which put its employees, in all seven of its showrooms, through the SAF-accredited test.

Head of motor finance at the FLA, Paul Harrison, said: "This milestone for SAF shows the significant support for the initiative right across the retail motor industry.

"Our aim is to work with showrooms across the UK to ensure that dealer staff benefit from the knowledge that SAF provides, so that car buyers have confidence in forecourt finance."

A dealership can become SAF approved once all of the staff dealing with customers have passed the SAF competence test and the company has agreed to maintain the FLA standards of practice.

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