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#carfinance — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #carfinance, aggregated by home.social.

  1. Car Finance Compensation Scheme Faces Legal Headwinds

    Consumer Voice challenges the FCA's car finance compensation scheme, potentially delaying payouts for millions of drivers. Find out why.

    #CarFinance, #FCA, #ConsumerRights, #Compensation, #MotorFinance

    newsletter.tf/car-finance-comp

  2. A legal challenge could delay compensation payouts for millions of drivers affected by the car finance scandal. This is a significant hurdle for the FCA's redress plan.

    #CarFinance, #FCA, #ConsumerRights, #Compensation, #MotorFinance
    newsletter.tf/car-finance-comp

  3. Close Brothers Navigates Car Finance Payout, Rivals Exit Market

    Close Brothers states it can afford the £320 million car finance payout. Competitors like FirstRand are leaving the UK market due to similar costs.

    #CloseBrothers, #CarFinance, #FCA, #UKMarket, #FinancialNews

    newsletter.tf/close-brothers-3

  4. Close Brothers will pay £320 million for car finance issues, a slight rise from £294 million. This affects over 12 million car loan agreements.

    #CloseBrothers, #CarFinance, #FCA, #UKMarket, #FinancialNews
    newsletter.tf/close-brothers-3

  5. Quảng cáo “trả góp 0%” thường đi kèm phí hồ sơ, phí quản lý khoản vay, bảo hiểm thân vỏ bắt buộc… khiến tổng chi phí tăng rõ rệt. Trước khi ký, cần so sánh lãi suất, thời hạn vay, biên độ phí và yêu cầu bảo hiểm; tính toán tổng chi phí thực tế và thẩm định kỹ hợp đồng để tránh “mua rẻ trả đắt”. #MuaXeTrảGóp #VayMuaÔtô #LaiSuat0 #ChiPhiAn #MuaXe #CarBuying #AutoLoan #LowInterest #CarFinance #Fees #VietnameseNews

    vietnamnet.vn/co-nen-mua-xe-tr

  6. The Courts *could* go in harder - but there will be a backlash of piss tricking down from the CEOs of the finance companies all the way to the forecourt, folk who can pay cash will still be able to get nice motors, groups with lower income but reasonable credit ratings (who at the moment are taking advantage of relatively easy to get #carfinance) will be competing amongst each other (and immigrant communities who need transport) for whatever they could buy at cash price (often old sheds that are battle scarred and have barely scraped through MOT).this is the sort of thing which is going to push folk even closer into the arms of Reform UK (whose supporters constantly parrot the conspiracy theory that "left" governments only want the rich to drive #cars)

  7. The Courts *could* go in harder - but there will be a backlash of piss tricking down from the CEOs of the finance companies all the way to the forecourt, folk who can pay cash will still be able to get nice motors, groups with lower income but reasonable credit ratings (who at the moment are taking advantage of relatively easy to get #carfinance) will be competing amongst each other (and immigrant communities who need transport) for whatever they could buy at cash price (often old sheds that are battle scarred and have barely scraped through MOT).this is the sort of thing which is going to push folk even closer into the arms of Reform UK (whose supporters constantly parrot the conspiracy theory that "left" governments only want the rich to drive #cars)

  8. Right now a smart populist would be taking to streets over this, because a lot of normal people could have had a payout, and now we don't
    We're a selfish land, but then whose isn't?

    #UKPOL #UKpolitics #CarFinance #Banks #EatTheRich #UKSupremeCourt

  9. Right now a smart populist would be taking to streets over this, because a lot of normal people could have had a payout, and now we don't
    We're a selfish land, but then whose isn't?

    #UKPOL #UKpolitics #CarFinance #Banks #EatTheRich #UKSupremeCourt

  10. Another bump in there road towards consumers gaining compensation for secret commission payments in the car finance sector as the UK Supreme Court agrees to hear an appeal in the case that underpins the move to seek such compensation - the mass compensation programme, seems for now, to be paused...

    The appeal will be held in the spring; so no Christmas presents with an unexpected refund from your car financing, I'm afraid.

    #CarFinance #corruption
    theguardian.com/business/2024/

  11. These middle men are parasites.

    Back when everyone was getting their bank charges back I went on Martin Lewis' website and filled in a few forms and I got ALL the money I was entitled too.

    This is why people like Martin Lewis, he gets results you feel in your pocket.

    theguardian.com/business/2024/

    #MartinLewis #ClaimsManagement #CarFinance #UK

  12. These middle men are parasites.

    Back when everyone was getting their bank charges back I went on Martin Lewis' website and filled in a few forms and I got ALL the money I was entitled too.

    This is why people like Martin Lewis, he gets results you feel in your pocket.

    theguardian.com/business/2024/

    #MartinLewis #ClaimsManagement #CarFinance #UK

  13. #TransportPoverty

    "UK motorists with some form of #CarFinance spend 19% of their total annual gross income on their #car.

    Previous studies have found that while significant numbers of people say they would happily #cycle for shorter trips, a lack of #safe local infrastructure for cycling puts them off."

    #bike #ebike
    theguardian.com/uk-news/2023/j