Car finance News

Car finance news from Accept Car Credit

Car credit, car finance, new and used car loan industry news headlines are updated here daily to help keep you up to date with the current market trends, new vehicles, what's hot and what's not.

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Car credit harder to come by

Car sales are falling across Europe, owing to a shortage of car credit being made available to customers. Overall, sales across Europe fell by 7.8 per cent in May, with Western Europe the most badly hit with sales falling by 8 per cent. Previously n...

GE Money car loan blunder

A large car loan finance company has been left red-faced after highly sensitive customer data was released - to another customer! John McGough from Haltwhistle, Northumberland, applied to GE Money for a car loan. When he opened the letter containing...

Car data check will highlight outstanding car loans

Buyers of second hand vehicles can now purchase a car data check from the RAC to establish whether the vehicle has an existing car loan secured against it. For just £5, the report will tell a prospective buyer all sorts of important details a...

Couple win car finance victory

A couple who risked losing their home in a car finance dispute have scored a landmark victory in the courts. Stuart and Lisa Griffiths-Peet, from Wigan, today warned others to read the small print on their car-finance agreements. Lawyers for the co...

Ipswich man accused of car loan scam

Barry Lawrence, from Ipswich, is on trial accused of stealing two Range Rovers worth £100,000. The allegation against Lawrence is that he was part of a scam to sign car loan agreements for the two vehicles, which were later sold to unsuspectin...

Men more likely to take out car finance

A survey carried out by credit reference agency Experian has revealed that men are nearly twice as likely to be tempted to take out car finance as women. Almost one in five men reported they were considering taking out car finance in order to buy the...

Police crackdown on car credit fraud

A groundbreaking police intelligence operation has helped to recover nearly £3m of vehicles since September 2007, including many that were purchased with fraudulently obtained car credit, as well as some that were stolen. The Association of Ch...

Car finance customers offered eco-friendly option

Soon car finance customers could have the option to go green, with a range of new electric cars that are currently being developed. The recent spike in fuel prices have made life difficult for many car finance customers, so news of a more efficient,...

Car loan customers look for low cost insurance

A recent report has shown that car loan customers are most likely to rate price as the most important thing when searching for car insurance. There are a host of other features to consider when purchasing car insurance, but a low price consistently ...

Car credit customers advised to spec-ulate to accumulate

Car credit customers have been advised to spend more to benefit from the full value of their investment. In an article for The Times, car connoisseur Jeremy Clarkson notes that car credit customers should invest in all the extra specs to make sure t...

Car finance customers could easily cut costs

With all the recent rises in car and fuel taxes, car finance customers could be forgiven for feeling a little apprehensive about the cost of running a car. However, insurance company Swiftcover has released its top tips as to how drivers and car fin...

Car loan customers have more choice than ever

Car loan customers have the biggest choice of vehicles in over two years, a recent report has shown. Statistics released by the Society of Motor Manufacturers and Traders (SMMT) document that 174,691 vehicles were built in April, meaning that even m...

One in five used car motorists use car credit

A new report published by Sainsburys Finance has shown that car credit could help up to 4.9 million people buy a used car this year. Sainsburys documented that almost one in five (17 per cent) of used car purchases in the next six months will be fac...

Two tax hikes to hit car finance customers

Car finance customers could see a huge increase in their motoring costs, if a proposed double whammy in road and fuel tax increases goes ahead. Treasury proposals, due to be instated in the Autumn, could mean car finance customers paying hundreds of...

Car credit customers too shy for success

The market for car credit customers to purchase a new vehicle is becoming bigger, and thus more competitive, all the time. This means there are big discounts and savings available, but because many car customers are too shy to haggle, theyre losing m...

New government scheme cuts a better deal for car finance customers

A new government plan aims to give new car customers a better deal on their insurance. Transport minister Ruth Kelly has liaised with car providers to discuss possibilities at lowering insurance rates for new customers, who have just passed their te...

Car loan customers divided about environmental options

The Chief Executive of AutoNation, Mike Jackson, has decreed that cumbersome, fuel-guzzling vehicles are "dead and not coming back". Large motors such as the sports utility vehicle (SUV) are falling in popularity with car loan customers, a...

Car credit customers should drive a sensible bargain

Be realistic and sensible in your approach to car credit, is the clear message from a leading financial expert. Finance specialist Craig Hughes said of car credit customers: "The first step to purchasing a car is to make a budget and estimate h...

Car finance applicants should not be put off by bad credit

Those with a bad credit history should not be discouraged from seeking new car finance. An article recently published on Netcars.co.uk by industry expert Andrina James explains that used car finance for those with turbulent credit histories or a bad...

Car credit provider in breach of regulations, says OFT

The Office of Fair Trading (OFT) has ruled that a major car credit provider is in breach of the Consumer Credit (Advertisements) Regulations. After liaising with the OFT, car credit provider GMAC UK has agreed to change its credit advertising. The ...

Large financier withdraws sub-prime car loans

Welcome Car Finance, the UK’s largest financier of "sub-prime" car loans announced today that it is withdrawing funding from hundreds of independent dealerships. The company denied the move had anything to do with lack of funding because of the cu...

Car loans can be calculated quickly with internet tools

Innovative new internet tools are helping potential car loan customers to understand their car finance situation and avoid car loan scams. Internet car finance loan calculators such as those displayed on thisismoney.co.uk and moneyextra.com give co...

The web helps widen car finance opportunities

Car finance is now quicker and easier than ever before to obtain with the advent of the internet, it has been recently shown. Online car loan application forms are short and simple and require only the most rudimentary of information to complete. Re...

Car finance customers beat credit crunch

The availability of competitive car finance arrangements has seen a surge in car sales, bucking the current market trend. The 'credit crunch' has generally seen a souring of consumer mood and decline in customer spending, but increased options for ca...

It may not be exciting, but finding the right car credit pays.

Finding the right car is the easy part – and the fun part. While discovering your dream vehicle may be the main appeal in purchasing a new car, securing the right car credit option is just as important. Nick White, head of personal finance at Uswitc...