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When is a car not a car? When it's a debt

Could the huge growth in UK car finance and its franchise-led sales approach cause potential systemic or regulatory risks? By Brian Cantwell.

Major car manufacturers dominate new car sales with captive bank operations selling their branded vehicles, while numerous independent funding companies sell used car finance across many different marques.

For the consumer, the car is still an asset; but in practice they have become consumer debts.


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