Motor finance specialist
Level 3 · AdvancedLegal, finance and accounting 2 yr typical
About this apprenticeship
What it involves
Motor finance specialists help customers finance vehicles through hire purchase, personal contract purchase, and leasing products, working in car dealerships or specialist finance brokers. Apprentices learn how motor finance products work, FCA regulation, and how to present finance options clearly and compliantly. The role suits people who enjoy sales and customer service in an automotive environment.
On the job
What you’ll learn
Motor finance products including HP, PCP, and leasing
FCA consumer credit regulation and treating customers fairly
Affordability and creditworthiness assessment
Sales processes in automotive retail
Vehicle valuation and GAP insurance principles
Data protection and compliant record-keeping
On the job
What you’ll do day to day
Present finance options to customers buying or leasing vehicles
Complete finance applications and submit to lenders
Check affordability and explain terms and monthly costs
Process finance agreements and obtain customer signatures
Maintain accurate customer and compliance records
Achieve finance penetration targets whilst treating customers fairly
The deal
How this apprenticeship works
You earn a wage from day one. You are a paid employee, not a student. There are no tuition fees - the training is funded by your employer and the government.
About 20% is “off-the-job” training. Roughly a day a week is spent learning away from your normal duties - at a college, training provider, or online - working towards a recognised qualification.
It ends with an end-point assessment (EPA). Near the end, an independent assessor checks you can do the job to the national standard - through tests, a project, a portfolio or an interview. Pass it and you are fully qualified.
How to get there
What you need to start
Level 3 (Advanced) - roughly A-level level. Employers usually look for some GCSEs (often English & maths around grade 4/C) or a Level 2 apprenticeship first. English & maths can sometimes be finished during training.
What’s next: Can lead to a Level 4/5 (Higher) apprenticeship, or straight into the role.
Entry requirements are set by each employer and can vary - always check the specific vacancy.
Hear from employers
What it’s really like
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