car buyers

Finance confusion: new scheme to help drivers pick more honest dealers

Finance confusion

The customer thinks he understands what the dealer’s saying but actually he could be about to buy something he doesn’t need

Finance confusion is leading drivers to feel as if they’ve been overcharged or mis-sold products when they buy a car. But that could be about to change.

Dealers selling financial packages are being encouraged to sign up to a new accreditation scheme. This will enable customers to tell instantly whether their dealer has any code of conduct to abide by when selling financial and insurance products. The aim is to stop dealers bamboozling car buyers with confusing jargon to sell them things they may not need.

What’s behind the changes?

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