Dealer finance problems could stun car market

The Finance and Leasing Association have publicly warned that a shortage of car finance could prevent any kind of recovery in the car market . Vehicle finance news makes it clear that the car market will remain stalled unless car finance companies are given government aid.

The FLA claim that car finance providers, often part of larger car companies, need the same aid as banks if the demand for new cars is to continue to rise.

The FLA head of motor finance, Paul Harrison, reportedly commented: Not all specialist motor finance providers are banks. The FLA is asking the Government to extend the support offered to the big banks, including a credit guarantee scheme, to all types of lenders .

The danger lies in that motor finance firms could run out of funds.

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Dealer finance problems could stun car market

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