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Dealers get financial good advice from the FLA
publication date: Aug 26, 2010
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author/source: Robin Roberts
The Finance & Leasing Association (FLA) has
revised its Specialist Automotive Finance (SAF) Competence Test and SAF
Reference Material to provide dealers with the very latest knowledge on
finance products and regulation.
The update includes a brand new module on the important
requirements of the Consumer Credit Directive (CCD), which the motor
industry has until 31 January 2011 to implement.
The new SAF test and SAF reference material are available online from
today at www.specialistautomotivefinance.co.uk and can be accessed free
of charge by dealers.
SAF is the FLA's initiative to raise the standard of finance advice
offered in dealer showrooms. Dealers and showroom staff can increase
their knowledge of financial products with the reference material, and
then prove their knowledge with the SAF competence test, which must be
retaken annually.
The FLA's update will assist dealers and showroom staff to prepare for
the key regulatory changes under the CCD and will ensure that car buyers
are provided with the very best information and protection linked to
motor finance.
The updated Test will allow dealerships to demonstrate that their
understanding of the CCD changes is of the standard set by the FLA - the
representative body for the UK motor finance industry. | | | |
► The Retail Motor Industry (RMI) has asked consumer watchdog Which? for
details of those garages who underperformed in its recent probe into
car servicing.
RMI chairman Paul Williams said if it found member-garages had underperformed and were not up to standard, it would expel them.
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