THE Financial Ombudsman Service has updated its guidance on affordability.
For leasing brokers this can be a key issue when talking to potential customers about a lease deal.
In particular, those personal leasing customers who may be at the limits of their affordability boundaries with no latitude for upkeep of the vehicle – such as servicing or new tyres should they be required.
Read up on the new guidelines.
Updated affordability guidance
Read the updated guidance here
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.