Jonathan Minter from Motor Finance reports on the 2nd DBC for Vehicle Finance Live Debate held in October 2017.
The outlook for UK automotive finance has changed markedly over the last year. Twelve months ago, the biggest question on lenders’ minds was that of growth, and how to win an advantage over competitors in a market undergoing an unprecedented boom.
Until recently, it wasn’t uncommon for a car dealer to fax off a car finance application for approval. Over the past decade, despite much disruption in Financial Services, and more recently Insurance, one part of the industry that has remained largely untouched by digital is Motor Finance.