News and insights
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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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 FinanceMay 16, 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 eventsMay 16, 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 digMay 16, 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 forthcomingMay 16, 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 websitesMay 16, 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.May 16, 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 tMay 16, 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 theirMay 16, 2022 Motor Finance 5 minute read
We won the 2020 Finance Provider of the Year (Prime) Award!
On Wednesday 30 September, this year’s Car Dealer Power Awards with Car Dealer Magazine, took place virtually in an online ceremony. These awards are the only awards in the industry voted for by motor dealers, and they provide deaMay 16, 2022 Motor Finance 5 minute read