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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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Drivers weigh up price and brand-loyalty when choosing new vehicles
In our latest consumer research, we've revealed the key factors in the decision-making process of drivers looking to purchase their next vehicle.
Apr 26th ● Consumer research ● 2 minute read
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Hilton Austin to lead Motorcycle Division at Close Brothers Motor Finance
Hilton Austin has been appointed as Head of Motorcycle Division at Close Brothers Motor Finance.Oct 12, 2022 Motor Finance 2 minute read
Car buyers happy to splash the cash in order to skip the queue
Nearly half of motorists planning to buy a car in the next year would be prepared to pay more to skip waiting lists caused by supply chain problems, according to our latest research.Aug 22, 2022 Motor Finance 2 minute read
Motor industry reputation at risk from supply chain delays
Car manufacturers and dealers are suffering reputational damage as a result of unavoidable supply chain disruption, according to our latest research.Aug 22, 2022 Motor Finance 2 minute read
Vulnerable customers need protection, not persecution. The industry still has a long road ahead to achieve this
There are more than 24 million people in the UK with ‘characteristics of vulnerability’, and 10.7m whose vulnerability specifically impacts their financial resilience. Because of the rising number of vulnerable customers, how firmAug 22, 2022 Motor Finance 5 minute read
Close Brothers Motor Finance upgrades its GAP proposition in partnership with Intelligent Motoring
We've chosen Intelligent Motoring as our preferred GAP insurance partner. The collaboration will enable us to offer all customers a 5-star Defaqto rated GAP offering, via Intelligent Motoring’s consumer-facing brand, MotorEasy.Aug 03, 2022 Motor Finance 5 minute read
Close Brothers Motor Finance enhances Hire Purchase (HP) product giving business customers greater flexibility
We've enhanced our Hire Purchase (HP) product offering to enable business customers to sign their agreement electronically.Aug 03, 2022 Motor Finance 2 minute read
EV adoption held back by cost-of-living crisis
More than 40% decide against going electric because of high inflationJun 23, 2022 Motor Finance 3 minute read
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 buyingJun 23, 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 dealersJun 21, 2022 Motor Finance 3 minute read