In dealerships and motor finance companies throughout the UK, National Apprenticeship Week was celebrated in March, and the FLA spoke to some of its members and training providers to find out more about the first cohort of Motor Finance Specialist apprentices.
Motor Retailers with a commitment to skills & development will be recognised for the first time at the Motor Trader Industry Awards this summer.
The FCA took over regulation of the consumer credit market, including motor finance, in 2014. It wanted to find out more about what was happening in the market, and if there were any risks as a result of lending, and identify opportunities to clarify what firms should be doing to provide the best service to consumers.
The Finance & Leasing Association’s (FLA) Specialist Automotive Finance (SAF) programme has been relaunched in partnership with The London Institute of Banking & Finance, with an improved range of training options for dealership staff that will further increase the professionalism, skills and knowledge in this sector.
Calibre Group Solutions outlines how lenders and retailers can recruit motor finance specialist apprentices
Calibre Group Solutions is a training provider specialising in the delivery of training to the automotive sector. As an approved apprenticeship training provider its expert trainers and mentors have supported the first stream of Motor Finance Specialist apprentices with excellent results.
Below Calibre’s Managing Director, Sabina Hegarty, outlines her thoughts on the models that both lenders and retailers can use to employ motor finance specialist apprentices.
Aiden studied Maths, Physics and Electronics at College and spent just under a year as a sales executive for a dealer group. He applied for the motor finance specialist vacancy to improve his future employability and work within a large company like Toyota Group.
Joe studied Maths, Further Maths and Physics at sixth form with the intention of working for a financial services company. He felt that he would miss out on valuable workplace skills if he went to university and decided that apprenticeships would help him pursue his aspirations.
A year after the launch of the Motor Finance Specialist apprenticeship and as part of National Apprenticeship Week 2019 - Toyota Financial Services explain why they started employing motor finance apprentices and the business benefits this has brought to their business.
A year after the launch of the Motor Finance Specialist apprenticeship and as part of National Apprenticeship Week 2019 - BMW Group Financial Services explains why it started employing motor finance apprentices and the business benefits this has brought to its business.
Aaron studied A-levels in Business Studies and German but was not keen on the prospect of going to university and leaving in debt. He started looking for apprenticeship placements and, after being fascinated by cars from an early age, jumped at the chance of applying to become a motor finance specialist apprentice with BMW.