MotoNovo

legal updates

We published an article on our website headlined, “Have you agreed to do MotoNovo’s Dirty Work?"

Read our disclaimer keyboard_arrow_down

This website content is intended as a general guide to law as it applies to the motor trade. Lawgistics has taken every effort to ensure that the contents are as accurate and up to date as at the date of first publication.

The laws and opinions expressed within this website may be varied as the law develops. As such we cannot accept liability for or the consequence of, any change of law, or official guidelines since publication or any misuse of the information provided.

The opinions in this website are based upon the experience of the authors and it must be recognised that only the courts and recognised tribunals can interpret the law with authority.

Examples given within the website are based on the experience of the authors and centre upon issues that commonly give rise to disputes. Each situation in practice will be different and may comprise several points commented upon.

If you have any doubt about the correct legal position you should seek further legal advice from Lawgistics or a suitably qualified solicitor. We cannot accept liability for your failure to take professional advice where it should reasonably be sought by a prudent person.

All characters are fictitious and should not be taken as referring to any person living or dead.

Use of this website shall be considered acceptance of the terms of the disclaimer presented above.

In December 2017, we published an article on our website headlined, “Have you agreed to do MotoNovo’s Dirty Work?”.  The article referred to a Clause in a contract issued by MotoNovo Finance to an unnamed dealer client, who believed that the Clause was in current usage and enforceable.

Following publication of that article we have been advised by MotoNovo Finance that no contracts issued by them to dealers after December 2014, including, they advise, updated contracts issued to those dealers working with MotoNovo before December 2014, have included the Clause or any of a similar nature.  MotoNovo Finance also state that it would not seek to enforce such a Clause against any dealer which believes it might be subject to such a Clause.

We are pleased to accept that MotoNovo Finance have not included the clause in any dealer contract since December 2014.

We are happy to accept that the subject of the article and headline related only to contracts issued before December 2014.

ECSC Group plcMore Secure

On average 55 vulnerabilities are identified daily.

What can I do?

Review your organisations priorities and ask ‘can we afford a breach?’. What do I do during an incident? Who do I involve? When do I involve the ICO?

If you’re unable to answers these questions, you need help from the experts.

Related Legal Updates

Undisclosed Motor Finance Commissions: Are We Finally Nearing the End?

After years of speculation, the FCA signals a possible redress scheme for motor finance commissions—just as the Supreme Court prepares to weigh in.

Is the discretionary commission argument finally coming to an end?

Could this be the final chapter in the finance commission scandal that’s plagued the motor trade for years?

Double Finance Danger: Don’t get caught out!

Do not simply accept what the seller advises and drill down into any finance outstanding.

Honest guv, it was a mistake!

It is useful to know that if an employee has made a mistake, it is not that employee who is deemed liable.

Did you know that finance companies and brokers are psychic?

Our advice is don’t be bullied by them. But, that advice comes with a warning too.

Important changes to the FLA Lending Code

Independent used vehicle dealers will be required to become SAF-approved or equivalent by 1 January 2025.

DCA Complaints: The FCA’s Extended Timeline and Ongoing Delays

In short, five years after the original banning of discretionary commission arrangements, the FCA will provide a new approach as to how firms should deal with these matters!

Get in touch

Complete the form to get in touch or via our details below:

Phone
01480 455500
Address

Vinpenta House
High Causeway
Whittlesey
Peterborough
PE7 1AE

By submitting this quote you agree to our Terms & Conditions and Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.