Car loans are now the most popular way to buy a car. But is there a catch to this scheme? And does it actually cost more than we think?
In an article on their website this summer, the Guardian said, “the City regulator is scrutinising the fast-growing car finance sector and has held discussions with the US authorities about the market.”
“The FCA is concerned about a lack of transparency, potential conflicts of interest and irresponsible lending in the motor finance industry and after its review will decide whether it needs to take action to curtail the explosive growth.”
To read the full article visit this link: https://www.theguardian.com/business/2017/jun/29/uk-fca-car-loans-market