Dealers working with lenders to crack down on financing scams.
There were 169 recorded cases of vehicle-finance fraud in the U.K., involving about £2.4 million ($3.7 million) of outstanding finance on the cars involved, in the year’s first quarter. But the Finance & Leasing Assn., the country’s motor-finance trade body, says the number of cases was down 27% from year-ago and dealers and lenders stopped 1,687 attempted frauds at the application stage, saving the industry more than £20 million ($31 million). First-party ...
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