Catch up on the latest financial news and announcements in the UK finance markets.

What will car finance look like in 2021

Nick Kernick
Online Author

The Question is what will car finance look like in 2021, as millions of loans of have put on hold, and hundreds of thousands of cars left sitting in car dealers lots how will the industry change over the next 12 months.

This week the government announced that car dealers could go back to work but only on a click and collect basis, leaving many car dealers stuck in the middle not knowing what to do. 

As business appears to be going back to work car dealers have been left out in the cold , only allowed to sell online and customers collect the car with social distancing. Its not ideal but it is what it is.  Companies like car finance 247 and Get Me Car Finance have seen an increase in online applications as the industry gets  to grips with the new rules.