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The latest news from Close Brothers Motor Finance and the financial world, plus helpful guides for our customers and clients.
Nearly half of UK drivers rethink EV plans
Our latest consumer research reveals that nearly half of UK drivers say EV tax has influenced their decision, with 22% dropping plans for a new EV and 24% now considering a used one.
14 October 2025 ● Consumer research ● 3 minute read
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Car-buyers still try before they buy, but a hybrid approach is key
Pre-pandemic, the vast majority of dealers said that their customers wanted to ‘try before they buy’, with 74% saying buyers would test drive the car before buying23 June 2022 Motor Finance 3 minute read
Cost of driving tops the list of customer concerns, say dealers
As the cost of living crisis bites, three quarters of dealers (74%) say that the cost of the vehicle is the top priority for consumers, according to dealers21 June 2022 Motor Finance 3 minute read
Close Brothers Motor Finance raises £35k for charity
The team at Close Brothers Motor Finance have raised an impressive £35,000 for the Make-A-Wish Foundation and Cancer Research UK through a series of fundraising events, with the donations still coming in.08 June 2022 Motor Finance 3 minute read
Top cars and car-buying trends of 2021
As we say goodbye to 2021, Close Brothers Motor Finance looks back at the most popular cars from the year.18 May 2022 Motor Finance 5 minute read
Global chip shortage impacting three in four UK car dealers
More than three quarters (77%) of car dealers have been impacted by the global semiconductor shortage, in striking new research from Close Brothers Motor Finance.18 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance announces partnership with Experian to unlock new data in customer finance applications
Close Brothers Motor Finance today announces the launch of a new underwriting platform, in partnership with Experian, to transform customer onboarding processes. The partnership will play a critical role in streamlining its custom18 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance promotes John Cassidy to Director of Commercial Partners and Matt King to Head of Partners
Close Brothers Motor Finance has promoted John Cassidy as Director of Commercial Partners, and Matt King to its inaugural ‘Head of Partners’ role.18 May 2022 Motor Finance 5 minute read
Motorists’ Autumn Budget wish list revealed, with access to affordable electric cars coming out on top
Access to affordable electric cars tops the Autumn Budget wish list for one in three (38%) motorists, according to new research by Close Brothers Motor Finance18 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance partners with Auto Trader to launch motor finance industry-first data tool
Close Brothers Motor Finance (CBMF) has partnered with Auto Trader to launch an industry-first data tool to give dealers invaluable insight into consumer demand in the marketplace.18 May 2022 Motor Finance 5 minute read