brokers

News

AMT Auto buys Redline Specialist Cars

AMT Auto began in 1995 as a leasing finance brokerage and over the past 30 years has evolved into a £60 million enterprise.

brokers 13 Jun

News

Potential motor finance compensation scheme set out by FCA

The FCA hints that it realises the threat to the health of the car markets from widespread significant payouts.

Fleet funding 6 Jun

News

Fleet Alliance bought by Global Vehicle Group

SME-focused leasing broker and fleet management business, Fleet Alliance, has been acquired by Global Vehicle Group for an undisclosed sum.

Fleet Alliance 4 Jun

News

Covase bundles EV, charger and solar with salary sacrifice scheme

Covase has launched a new salary sacrifice solution, Perx, that combines electric vehicles (EVs) with home charging, solar power and battery storage.

Salary Sacrifice 8 May

News

Brokers urge fleets to make better use of data

Many fleets are failing to employ telematics and behavioural data more effectively to reduce accidents and manage risk, according to a new broker-led poll.

Telematics 2 May

News

Record sales for car and van broker

Central Contracts has reported a record growth in the past 12 months, with sales almost doubling since 2023.

brokers 22 Apr

News

Car loans commission ruling not likely until the summer as case ends

The UK's motor finance industry must wait until the summer to hear whether the Supreme Court will overturn a decision that could cost them billions of pounds.

Tax and Legislation 7 Apr

News

Loveelectric hits used electric vehicle milestone

The broker has delivered more than 1,000 used EVs through its salary sacrifice scheme for second-hand cars, Reloved.

Fleet funding 3 Apr

Vanaways founders Adam Carter, left, and Chris Jakeways

News

Vanaways plans to double turnover to £200m by 2027

Vehicle broker Vanaways has revealed ambitious plans to double turnover to £200 million in the next two years.

brokers 13 Mar

Pile of pound coins on top of £5, £10 and £20 notes

News

Lex Autolease owner Lloyds sets aside £1.25bn for car loan payouts

Lloyds Banking Group has increased the amount of cash it had put aside for potential payouts on car loan commissions.

Funding 21 Feb

News

Chancellor’s bid to intervene in finance compensation case rejected

An attempt to intervene in a landmark case concerning hidden commissions in car finance by Rachel Reeves has been rejected by the Supreme Court.

Funding 19 Feb

News

XLCR Vehicle Management partners with Go Zero

XLCR has partnered with Go Zero Charge to offer a home charger as part of its leasing package.

Charging & infrastructure 10 Feb

News

LCV Group bought by Global Vans

The LCV Group has been sold for an undisclosed sum to broker Global Vans by Crownhawk Properties.

Fleet funding 31 Jan

News

AA Lease relaunching with Wessex Fleet

Partnership will allow AA Lease to quickly scale the business thanks to access to the market’s funders.

Funding 30 Jan

Mark Tongue and James O'Malley, Select Car Leasing

News

Select Car Leasing co-founder and joint CEO stepping down

James O’Malley is departing Select Car Leasing to focus on personal projects.

Select Car Leasing 7 Jan

News

Van division revamp for Select Car Leasing

Select Car Leasing has announced a major revamp of its vans division to strengthen its position in the van leasing broker market.

Select Car Leasing 15 Nov

News

Close Brothers writing new car finance again after court ruling

Close Brother Motor Finance has begun phased return to the writing of new UK motor finance business as other lenders turn to technology to disclose commissions.

Fleet funding 8 Nov

News

Leasing companies and brokers impacted by Court of Appeal ruling

Leasing companies and brokers are assessing the impact of a Court of Appeal decision on commissions paid on vehicle finance deals.

Fleet funding 4 Nov

News

Gridserve sells its EV car leasing division to focus on core business

Gridserve has sold its electric vehicle leasing division to Carwow as part of its plans to focus on its core business of rapid charger infrastructure.

Gridserve 9 Oct