Fleet News

Network takes tough stance on broker dealing

Network has said from the start of 2009 it will refuse to support any broker that enters into third-party dealing.

If a broker continues to deal in such trading, Network will stop funding.

Jo Elms, brand director of Network, said: “There is still a significant part of the sector that continues to take a short-term approach.

"Broker-to-broker dealing is an enduring characteristic of these less forward-thinking firms.

“Many funders have come out in opposition to third party dealing in the past, but it has not yet been backed up with any concrete stand against the practice.

"That’s what we’re looking to rectify in our new proposition.”
 

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee