Kite-mark launched for motor financeFriday, February 26, 2010 17:34
An industry kite-mark has been launched that is designed to boost people’s confidence in motor finance deals.
The Finance and Leasing Association has announced that it is releasing the accreditation, which is given when dealer staff meet a high enough standard of knowledge on motor finance.
Paul Harrison, head of motor finance at the group, claimed that the scheme shows buyers that a particular dealer can provide sound advice about this type of option.
He said: "The FLA recognised back in 2007 there was a need to set a kite-mark for motor finance, to give customers confidence that they are receiving sound advice about the best way to pay for their car."
Mr Harrison advised people looking to buy a vehicle to consider whether their dealer has this accreditation.
The importance of using a reputable dealer was recently highlighted by the HPI, which warned buyers of second-hand vehicles to be wary of clocking, or artificially lowering the number of miles a car says it has done.