Roadwise Finance
Latest updates from the world of car finance.
May 7, 2025 The iconic Ford Fiesta, once the UK's best-selling car, is rumored to make a comeback as an electric vehicle (EV). Ford is reportedly considering reviving the model, discontinued in July 2023, as part of its strategic push into the EV market.
Finance News April 4, 2025 In a bold new move to push electric vehicle (EV) adoption, the UK government is considering subsidizing EV loans by offering guarantees to lenders — a strategy designed to reduce the cost of finance for consumers. The proposal, which could include low-interest or interest-free loans, is currently being reviewed as part of a broader policy initiative to meet 2030 and 2035 zero-emissions targets.
Finance News April 25, 2025 Banco Santander is reportedly considering a significant restructuring of its UK operations by separating its motor finance division, which has been embroiled in a mis-selling scandal, from the rest of its UK business.
Industry Updates April 4, 2025 The UK’s new car market experienced a significant boost in March 2025, with registrations rising by 12.4% compared to the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). This marks one of the strongest year-on-year growth figures since the COVID-19 pandemic and signals a continued recovery across the automotive and car finance sectors.
May 7, 2025 In a landmark move, the United Kingdom and India have finalized a comprehensive free trade agreement, marking a significant post-Brexit achievement. This deal, concluded after over three years of negotiations, is poised to boost the UK economy by £4.8 billion annually by 2040 and enhance bilateral trade by £25.5 billion.
Industry Updates Buying Tips April 4, 2025 Significant changes to Vehicle Excise Duty (VED) have come into effect as of April 1, 2025, impacting electric vehicle (EV) owners across the UK. Previously exempt from VED, EVs registered on or after this date are now subject to a first-year rate of £10, followed by the standard annual rate of £195. Additionally, EVs with a list price exceeding £40,000 are liable for the Expensive Car Supplement, incurring an extra £425 annually from the second to the sixth year of registration.