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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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Drivers veering towards electric, but cost and lack of charging holding them back
A new study from Close Brothers Motor Finance has found that a quarter (24%) of consumers intend on purchasing an alternative fuelled vehicle (AFV), such as a battery, electric, or a hybrid car, as their next vehicle purchase16 May 2022 Motor Finance 5 minute read
Commission clarity; Brits are happy for car dealers to take home commission, as long as they’re informed
One third (34%) of British consumers expect car dealers to earn commission on vehicles bought on finance, and a further 28% don’t mind so long as they’re informed, according to new research from Close Brothers Motor Finance16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance raise £34k for charity
Close Brothers Motor Finance employees have raised an impressive £34,000 for Make-A-Wish® and Cancer Research UK through a series of fundraising events16 May 2022 Motor Finance 5 minute read
How car dealers can prepare for the green industrial revolution
There are few businesses who have been left unscathed by the impact of Covid-19 this year. For car dealers, it’s been no easy ride since the first national lockdown was introduced back in March. Many had to rapidly adapt their dig16 May 2022 Motor Finance 5 minute read
Almost a third of car dealers unaware of the looming FCA changes to commission coming into drive
Almost a third (32%) of car dealers are unaware of the new FCA rules coming into play in the New Year, according to new research by Close Brothers Motor Finance. The study, which asked dealers how aware they are of the forthcoming16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance accelerates its digital offering with dealer finance calculator
Close Brothers Motor Finance has strengthened its digital offering by giving motor dealers online finance calculators for their websites16 May 2022 Motor Finance 5 minute read
Car dealers adapting to curb the impact of Covid-19
Car dealers have had to take a number of different measures to balance out the financial impact of Covid-19, according to new research from Close Brothers Motor Finance.16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance are proud to introduce our newly formed broker team!
In order to better service our valued broker partners, over the past year, we've been looking at how we can further support them by forming a dedicated broker team. We appreciate how brokers have different needs and requirements t16 May 2022 Motor Finance 5 minute read
Nation of subscribers drive the rise in car finance
Paying up front for a new vehicle has continued to slow down, according to research from the Britain Under the Bonnet report from Close Brothers Motor Finance. Just under half (49%) of car buyers intend on paying upfront for their16 May 2022 Motor Finance 5 minute read