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It would seem that we are still waiting for some sort of bailout of the car finance sector in order to get people back into new cars but are the Government at risk of doing what they have done with banking and put the money in the hands of the wrong people. There are many lenders other than banks and they should have been helped before the banks who have simply bolstered up their balance sheets in preparation for Read more »

BMW Financial Services have warned about an increase in lease scams whereby cars are obtained illegally by the scammers then sub leased to innocent third parties. One such fraudulent act included the customer signing the documents of a well known finance company and a seperate direct debit form which paid money straight into the scammer’s account and not the contract hirer’s account. The scammer made no payments for the car and disappeared whilst the driver continued Read more »