Resource Library

The BVRLA’s Leasing Broker inspection programme has been updated to include further questions on commission disclosure and the October Court of Appeal judgement.

The popularity of company-provided electric vehicles saw the BVRLA’s leasing fleet grow 1.4% in the last 12 months, offsetting lower demand for vehicles on personal lease agreements and vans. The association’s latest Leasing Outlook report shows that salary sacrifice continues to drive growth in the sector, it is up 51% and sustaining the UK’s transition to cleaner, greener models. 

The Financial Conduct Authority (FCA) has confirmed that motor leasing will be included in the commission complaints extension period

Developed in conjunction with a consortium of Principal Funders, the BVRLA’s 'Essentials' e-learning package provides an easy way to evidence compliance with the Financial Conduct Authority’s training and competence regime and the BVRLA Code of Conduct.

Permission has been granted for the three motor finance cases from 25 October’s ruling to be appealed. The Court of Appeal found in favour of the consumer in all three cases, with the rulings causing fundamental questions about the future of financing to be raised.

The High Court has found in favour of the consumer when reviewing a case relating to Discretionary Commission Arrangements (DCA). The case is not directly related to the separate the Court of Appeal rulings from 25 October (which were recently granted permission to appeal by the Supreme Court).

A new category is being introduced for the 2025 Motor Transport Awards, with BVRLA members expected to take centre stage. The new award is designed to recognise the valuable role played by the contract hire and leasing sector in ensuring that commercial vehicle operators can access the vans and trucks they need to grow their business.

The Financial Conduct Authority (FCA) has now closed its consultation relating to temporary changes to handling rules for motor finance complaints. It will determine what is deemed in scope of the freeze.

The inaugural meeting of the BVRLA’s Commissions Working Group took place last week. Chaired by the BVRLA, the group was attended by representatives from across leasing broker and funder members and aims to facilitate cross-sector collaboration.

With the festive season fast approaching, now is the time to check your VE103B stock levels. The cut-off date for VE103B orders to be delivered before Christmas will be Tuesday 17 December.

The Financial Conduct Authority (FCA) has confirmed the details and timings of its consultation on extending the time motor finance firms have to handle commission complaints. The consultation was announced last week and requests responses by 5 December 2024.

The Financial Conduct Authority (FCA) is consulting on extending the time motor finance firms have to handle commission complaints. Its decision to consult follows the Court of Appeal’s 25 October judgment.