Car dealers are likely to be facing questions and fines from HMRC if they fail to research big spending buyers. Failure to properly investigate the purchase of luxury cars can land them in serious trouble under money laundering and profits of crime laws, says analytics specialist Fortytwo Data. HMRC is concerned that not all dealers are carrying out necessary checks on buyers and supplying … [Read more...]
Car dealers’ failures fuel lack of trust among buyers
More than a third of motorists who have bought a used-car would under no circumstances use the same dealer again. A study into the car-buying habits of 1,500 motorists carried out by the RAC also found 40% of people said they have had a problem with a vehicle bought from a used car dealer and almost a third (29%) said the dealer did not do at all well in putting the problem right. And, … [Read more...]