Financing Your Car is an online impartial guide to car finance developed by the Finance & Leasing Association (FLA). This has been established to provide valuable information on the various car finance options available today, which can be confusing. Our online guide aims to simplify motor financing options and clarify the best action plan to take for anyone seeking to finance a new or used car.
The Finance Leasing Association (FLA)
The Finance & Leasing Association (FLA) is the trade association for the motor finance, consumer credit and asset finance industries in the UK. Our motor finance members include subsidiaries of banks and building societies, the finance sections of leading retailers and motor manufacturing companies, and a range of independent firms.
They provide a wide range of facilities, including finance leasing, operating leasing, hire purchase, conditional sale, personal contract purchase plans, personal lease plans, secured and unsecured personal loans and credit cards.
Last year, FLA motor finance lenders provided £44 billion to consumers and businesses to help them buy vehicles. This included over 88% of all private new car registrations and approximately 30% of used car sales.
The FLA’s Lending Code and Business Finance Code set out standards of good practice for the finance and leasing industry which go above and beyond legal requirements. Both Codes provide reassurance to customers and businesses that they will be treated fairly when applying for, and during, a finance agreement. For more information go to: www.fla.org.uk