“Franchised retailers are authorised by the FCA and abide by its rules and guidance. Franchised retailers take rigorous steps to be compliant with consumer credit rules and can only offer car finance under strict conditions.
“NFDA acknowledges the outcome of the FCA’s enquiry into motor finance and urges consumers to visit reputable franchised retailers and shop around before agreeing any finance deals when buying a vehicle.
“Standards and integrity are vital to the future of our sector.”
Sue Robinson, Director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK.
NOTES TO EDITORS:
Gabriele Severini, NFDA Communications & Marketing Officer
Tel: 0207 307 3423
Mob: 07880 039 897
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406