CarMoney joins FLA to support fair and transparent car finance
CarMoney has joined the Finance & Leasing Association as it looks to support responsible lending and help shape the future of the UK motor finance market.
Car finance broker CarMoney has become a member of the Finance & Leasing Association (FLA), the UK’s leading trade body for asset, consumer and motor finance.
The move aligns with the company’s aim to promote responsible lending and support better outcomes for customers in a changing regulatory landscape.
The FLA represents a broad range of lenders providing over £100bn in new finance annually. It plays a key role in setting standards, engaging with Government, and shaping policy affecting responsible lending across the sector.
Alastair Grier, CEO of CarMoney, said: “Joining the FLA is an important step for CarMoney as we continue to grow and promote transparency and trust in the motor finance market.
“The FLA’s guidance and advocacy help ensure that customers are treated fairly and that lending remains clear, transparent, and responsible. We’re keen to work with other members to support progress across the sector.”
CarMoney’s membership supports its broader strategy to influence the direction of UK car finance, working alongside other stakeholders to build a fair and resilient marketplace.
Backed by the Peter Vardy Group, the company is targeting £730m in annual vehicle finance by 2029. It has also expanded its franchise footprint and created 50 new jobs at its Motherwell base as part of ongoing investment in technology and talent.