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The latest news from Close Brothers Motor Finance and the financial world, plus helpful guides for our customers and clients.
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Close Brothers Motor Finance partners with fintech Zuto to digitise customer outreach
We've partnered with Zuto to enhance products and digitise the customer journey.
May 2nd ● News ● 5 minute read
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Close Brothers Motor Finance employees volunteered an impressive 818 hours of their time for charity initiatives in October
Close Brothers Motor Finance employees volunteered an impressive 818 hours of their time for charity initiatives in October, the company’s volunteer month.May 16, 2022 Motor Finance 5 minute read
Young motorists drive demand for used cars
Millennial motorists (aged 22-30) are more likely to choose second hand cars over a new car, according to new research from Close Brothers Motor Finance. 46% of millennial drivers said they were likely to go for a used car versusMay 16, 2022 Motor Finance 5 minute read
One in five drivers wants to go green, but affordability and fuel type win out
Almost three quarters (71%) of UK motorists say affordability is a main consideration when purchasing a new vehicle, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further 56% care about howMay 16, 2022 Motor Finance 5 minute read
New and used cars neck and neck in race for consumer preference
The competition between new and used cars is heating up, with only a 1% difference in customer preference according to the Britain Under the Bonnet report from Close Brothers Motor Finance.May 16, 2022 Motor Finance 5 minute read
Brits want to remain in the driver's seat, as sceptical motorists are not ready for driverless vehicles
Well over half (55%) of UK motorists would not consider purchasing an autonomous vehicle, with scepticism around safety and technology causing the biggest concerns, according to the Britain Under the Bonnet report from Close BrothMay 16, 2022 Motor Finance 5 minute read
Close Brothers Motor Finance raise £31k for charity
Close Brothers Motor Finance employees have raised an impressive £30,823 for the NSPCC and Cancer Research UK through a series of fundraising eventsMay 16, 2022 Motor Finance 5 minute read
Britain Under the Bonnet finds that 98% of consumers still rely on car dealers when making a purchase
Despite the internet becoming the most common source for researching a car, consumers still rely on car dealers when actually making a purchase, according to the second iteration of the Britain Under the Bonnet report produced byMay 16, 2022 Motor Finance 5 minute read
Britain Under the Bonnet finds UK motorists are cautiously driving towards electric
The number of UK drivers who would consider buying an electric car as their next vehicle has doubled in the last year from 15% to 30%, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further tMay 16, 2022 Motor Finance 5 minute read
Britain Under the Bonnet finds economic uncertainty impacts UK car buying plans
Economic uncertainty has driven over a third of drivers (35%) – the equivalent of eight million Brits – to postpone or hold off buying a car altogether, according to a new report published today by Close Brothers Motor Finance.May 16, 2022 Motor Finance 5 minute read