Last year over 86% of new cars bought privately were purchased through finance. The range and volume of consumer motor finance arrangements have increased vastly in recent years, with the FCA and PRA both engaging in market reviews as a result. This brand new half day course will be invaluable for lawyers acting for both consumers and financers. It provides a full overview of the legal and regulatory issues relevant to the area.
It will examine:
The FCA regime regulating consumer finance companies and ancillary suppliers such as dealers
The different forms of finance commonly available, including HP, conditional sale and hire
The essential consumer credit legislation and guidance affecting motor vehicle contracts, both pre and post contract, including the enforcement of rights
Quality disputes, including claims under the Consumer Rights Act 2015
The recovery of vehicles from consumers and third parties, including wrongful disposal and title disputes