Dealerplus - The Finance Solution All Dealers Should Have

By Jack Clarke | Thursday, January 19, 2017

According to Trevor Mather, Chief Executive of Auto Trader, it is predicted that the greatest threat to dealers in 2017 is likely to come from direct sales by manufacturers. Mather believes that; “Cutting the dealer out of the equation to such an extent would reduce their requirement to advertise and...

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Independents become online finance growth area

By Jack Clarke | Monday, January 16, 2017

According to recent studies, independent dealers have the potential to become the growth area for online motor finance in 2017. Research carried out by iVendi has discovered that around 65% of the top 200 dealer groups in the UK had their own motor finance solutions in place, with about 30%...

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The rise of the internet and its positive impact on online businesses

By Emma Sutherland | Friday, November 25, 2016

In a constantly changing buying market, the internet has made the biggest impact on consumers’ purchasing habits over the last decade. For a business such as Creditplus, the increased use of the internet by consumers searching for both cars and suitable finance products has seen their place in the used...

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Three quarters of new car customers do not wait for new registration plates

By Jack Clarke | Thursday, November 24, 2016

Recently obtained data suggests that three out of four consumers do not see the point in waiting for new registration plates when looking to purchase a new car. The results indicate that the periodic increases in new car registration activity in the months of March and September is a...

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FCA regulations: The importance of them to you and your customers

By Jack Clarke | Wednesday, November 23, 2016

In April 2014, the Financial Conduct Authority (FCA) took control of the regulation of consumer credit in the UK. This resulted in around 50,000 businesses offering consumer credit in the UK finding themselves under the authority of the FCA’s consumer protection rules and regulations....

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Consistently high need for used cars is positive news for the UK car industry

By Emma Sutherland | Monday, November 21, 2016

A recent report has shown that the need for used cars is consistently high, despite a potential rise in inflation and apprehension around residual values....

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Electric Vehicles: The new go-to company car?

By Emma Sutherland | Friday, November 18, 2016

New research into the ownership of electric vehicles (EVs) has revealed that approximately 700,000 UK drivers would choose one if they were offered as a company car by their employer. This figure is significant, given that only a quarter of UK businesses currently have EVs as an option for their...

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PCP finance agreements: The importance of customer understanding

By Jack Clarke | Wednesday, November 16, 2016

A recent survey has found that 37% of 4,000 motorists replaced their cars far more often than they would have done a decade ago, citing attractive finance deals as a strong motivating factor....

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Competition between online car finance providers and dealers set to increase

By Jack Clarke | Friday, November 11, 2016

It is predicted that dealers across the UK will face increased competition from online car finance providers in 2017. As consumers grow in online confidence, and continue to shop around to obtain the best deals for their needs and circumstances, the competition for dealers is set to rise. With online...

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Know Your Customer: Why it is vital to any finance business

By Emma Sutherland | Thursday, November 03, 2016

Any finance company knows that ensuring the correct financial agreement is in place for a customer is paramount to the success of their business. The focus placed on this by Creditplus is something which has assisted in them becoming and retaining the title of the UK’s leading online car finance...

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Autonomous vehicles: Who pays for the incidents and accidents?

By Emma Sutherland | Thursday, November 03, 2016

We recently wrote an article on the ever-expanding production and development of autonomous vehicles. While we recognised that they are set to become one of man’s biggest technological advancements, it did prompt us to ask a question: if an autonomous car is involved in an accident, who is ultimately responsible?...

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Increased sales following new FCA rules on GAP insurance

By Emma Sutherland | Wednesday, November 02, 2016

In the 12 months since the FCA introduced new rules on the sale of GAP insurance, product sales have increased and helped consumers to think about quality first, a recent report has found. Originally met with some uncertainty about what the new regulations would mean, the last year has proved...

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Car buying decisions unaffected despite Brexit

By Jack Clarke | Tuesday, November 01, 2016

A recent survey of more than 320 consumers found that approximately 70% were unaffected in their car buying decision following the result of the summer’s EU referendum vote. It was also reported that approximately 73% of the survey respondents had not changed their mind on when they were planning to...

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‘Soft’ credit search puts Creditplus ahead of the curve

By Jack Clarke | Friday, October 28, 2016

As consumers increasingly choose to ‘shop around’ on the internet, there is a growing concern that this is affecting consumers’ credit scores when applying for credit. This has resulted in a demand for companies to develop new methods. Ahead of the trend though is Creditplus, the UK’s leading car finance...

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UK commute congestion: How much time are we losing and why?

By Jack Clarke | Thursday, October 27, 2016

Congestion in the UK has risen by 40% during the last four years, according to investigations. And as a result, drivers commuting around cities in Britain are spending an increased amount of time sat in traffic. The study by leading traffic intelligence provider Inrix indicate that London is in fact...

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Electric vehicles up the pace over hybrids

By Jack Carke | Thursday, October 27, 2016

Recently obtained data has suggested that in the coming years, the enhanced development and use of electric vehicles (EVs) will supersede that of hybrid vehicles. As technology continues to advance at speed - as well as an increased awareness of finite natural resources available to feed the endless needs of...

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Autonomous vehicles: Will traditional driving become obsolete?

By Andy Smith | Wednesday, October 26, 2016

Looking back to this century and the one prior, with all its technological advancements, there may be one archaic practice that will seem barely believable to future generations. Did they actually drive their cars themselves? OMG! (or whatever its future cultural acronym happens to be)....

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Keep on moving: Why logistics teams are essential to the UK car industry

By Jack Clarke | Tuesday, October 25, 2016

The work carried out by the UK car industry’s logistics teams is something which requires more publicising, according to a recent finding. Reported as being the ‘ghosts of the motor industry’, it is also recognised that without them, the millions of units they are responsible for moving each year would...

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Creditplus celebrate 4% increase in excellent customer service reviews

By Jack Clarke | Monday, October 24, 2016

Recent research into consumer buying behaviour has shown that customer reviews significantly influence purchasing decisions. This research has been proved correct by Creditplus, as they have seen a 4% increase in their five star reviews through the highly credited review platform, Trustpilot. With a Trustpilot score of 9.2 out of...

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BMW Australia Finance’s irresponsible lending activities uncovered

By Jack Clarke | Friday, October 21, 2016

BMW Australia Finance has recently come under fire following exposure of irresponsible lending to customers. A report disclosed that the company had been lending money to customers who had a zero, and sometimes negative, disposable income. One specific case revealed that BMW Finance Australia provided a loan of $27,000 (£15,...

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