Financing Your Car

Buying a car is the second biggest purchase most people will ever make. Choosing the right type of car finance is as important as getting the right make and model. The finance and leasing association (fla) is the trade association for the motor finance industry. In 2009, fla members completed £72. 5 billion of new business. This included £16. 5 billion of motor finance. Around half of all new car registrations in the uk were financed by fla members. Finance & Leasing Association (FLA) is the principal representative of the asset, consumer and motor finance sector in the UK. FLA members provided £18 billion of finance to the motor sector for car purchases last year. This included finance for more than 50% of all new car registrations in the UK. Our motor finance members include subsidiaries of banks and building societies, the finance sections of leading retailers and motor manufacturing companies, and a range of independent firms. They provide a wide range of facilities, including finance leasing, operating leasing, hire purchase, conditional sale, personal contract purchase plans, personal lease plans, secured and unsecured personal loans and credit cards. Our Lending Code and Business Finance Code set out standards of good practice for the finance and leasing industry. They are intended to reassure anyone who applies for finance from full members that they are doing business with reputable organisations. For more information go to www.fla.org.uk

Financing Your Car

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