Press Release

BVRLA response FCA motor finance update

Release Date: 
15/03/2018

The British Vehicle Rental and Leasing Association (BVRLA), whose members provide personal finance on more than 1.6 million vehicles in the UK, has welcomed today’s update on the FCA’s motor finance work.

Commenting on the report’s findings, BVRLA Chief Executive Gerry Keaney said:

“We welcome the FCA’s interim report on motor finance and the chance to work constructively with the FCA in developing our industry-leading best practice programme.

“Supported by our self-regulatory code, training programme, governance regime and alternative dispute resolution service, BVRLA members have well established standards in place to ensure that customers are treated fairly.

“Motor finance is essential for helping families who are just about managing gain access to vehicles. We are fully committed to working with the FCA throughout the remainder of its review to address any areas of concern, and to ensure that BVRLA members are leading the development and implementation of best practice.”

-ENDS-

About the BVRLA
Established in 1967, the British Vehicle Rental and Leasing Association is the UK trade body for companies engaged in the rental and leasing of cars and commercial vehicles. Its 900+ members operate a combined fleet of around 4.8million cars, vans and trucks. BVRLA members buy nearly half of all new vehicles sold in the UK, supporting around 317,000 jobs and contributing nearly £25bn to the economy each year.

By consulting with government and maintaining industry standards, the BVRLA helps its members deliver safe, sustainable and affordable road transport to millions of consumers and businesses. For more information, visit www.bvrla.co.uk.

You can access BVRLA images at www.flickr.com/photos/bvrla/albums

For more information, contact:
Toby Poston – Director of Communications & External Relations
toby@bvrla.co.uk
tel: 01494 545700
mob: 07979 756533

Andrea Davies - Media Relations & Communications Manager
andrea@bvrla.co.uk
tel: 01494 545710
mob: 07790 271806