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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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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Close Brothers Motor Finance revs up sponsorship deal with Mikey Doble Racing
Close Brothers Motor Finance has today announced it will become an official sponsor of Mikey Doble Racing for the upcoming Ginetta GT5 season.Dec 15, 2022 General 2 minute read
One in 10 UK adults have a nickname for their car
For many of us, cars mean much more than simply getting us from A to B.Dec 15, 2022 General 2 minute read
Fuel crisis puts the brakes on car buying
The latest crisis at the petrol pumps could prevent consumers from making a vehicle purchase, according to Close Brothers Motor Finance.Dec 15, 2022 General 2 minute read
Close Brothers Motor Finance appoints Lisa Watson as Director of Sales
Close Brothers Motor Finance has appointed Lisa Watson as Director of Sales.Dec 14, 2022 General 2 minute read
Half of drivers plan to buy a vehicle in 2022
There’s no sign of demand in the car market dipping this New Year, with half (49%) of motorists saying that they intend on buying a car in 2022, according to new research from Close Brothers Motor Finance.Dec 13, 2022 General 2 minute read
Tips for supporting your vulnerable customers
All customers deserve equal treatment and excellent service from their finance provider. However, many worry they’ll be treated poorly or turned away from finance if they disclose their vulnerability, either to their dealer or theDec 13, 2022 Motor Finance 2 minute read
Car buyers in the firing line of fraudsters, with young adults the most likely to fall victim
One in ten British drivers (10%) have been the victim of a scam or fraud when purchasing a car, according to our latest research. Read more about this in our article.Dec 07, 2022 Motor Finance 2 minute read
Drivers keeping cars for longer because of inflationary cost-of-living crisis
According to our latest research, 32% of British consumers are holding on to their current vehicle for longer than planned because of rising living costs. And 11% are exploring finance options to afford the car they wantNov 17, 2022 Motor Finance 2 minute read
Forecourt Foresight: Four ways to help mitigate the likelihood of customer complaints
Choosing and buying a car should be an exciting time, but sometimes it may result in a complaint. It's important for dealers to have a robust pre-sale process in place, so to help businesses ensure they're minimising customer compNov 08, 2022 Motor Finance 2 minute read