Car financing crackdown 'to save drivers £165m'

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The UK's financial regulator plans to ban the way some car dealers earn commission.

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The Financial Conduct Authority wants to ban the way that some car dealers and brokers make commission on sales.The FCA said this"creates an incentive for brokers to act against customers' interests". "By banning this type of commission, we believe we will see increased competition in the market which will ultimately save customers money."

 

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always thought these SOB were taking the piss

You can live with Ma and have a BMW hp 600 per month Ma ZERO IF you chuck them out reality car gone re claimed rent 450 no open fridge smelly socks , lights on clean toilet , bunch of flowers can i come home m a . yes i love you .

Insentive related bungs from finance firms based on higher the interest, the bigger the commission has been going on for decades. I know this for sure as I was in the car trade for quite a few years.

Oh dear the new PPI on the horizon

I’m hoping now the PPI thing is coming to an end.... “have you ever been miss sold PCP?” “Well let me tell you about MercedesBenz and my experience with their Ascot dealership”

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