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The opportunity of embracing FCA mandated pricing changes

Reflecting upon the changes ahead stated in the FCA Policy Statement, Deputy CEO Karl Werner is clear that lenders and dealers have a duty to protect car buyers and the broader dealer finance industry...

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CBILS loan support set to end - don't miss out

The British Business Bank has confirmed that applications for the Coronavirus Business Interruption Loan Scheme will close on September 30th. Head of Commercial Finance, Luke Curtis urges dealers to review how CBILS can help benefit their businesses.

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1000 dealers switch to MotoRate in the first 50 days

On June 24th, we launched the first risk-based pricing model, MotoRate following a successful pilot of over 200 dealers. By August 12th, 1000 dealers had already switched to MotoRate. CEO, Mark Standish shares his delight on the impact it's having...

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MotoNovo leads the changes required by the FCA successfully

By 2021, dealers & brokers will need to comply with new changes set out by the FCA including a ban on discretionary commission models. Our new pricing model ‘MotoRate’ has seen 754 dealers convert to this new approach as Mark Standish CEO observes...

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New ‘MotoRate’ product set to help redefine dealer finance

MotoRate promises to be a positive move for dealers and car buyers "as we emerge into the 'new normal" as the results from an extensive pre-lockdown pilot reveal...

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MotoRate - 21st century dealer finance

Personal finance trends are changing, and digitisation and regulation are at the heart of it. Deputy CEO, Karl Werner looks into the changing market and a need for modernised finance with our new product - MotoRate.

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