Become an Auto Finance Specialist
How to become an Auto Finance Specialist
To become an auto finance specialist advisers must first pass a professional qualification such as the CertAutoFS®. The CertAutoFS® (The Certificate for Automotive Finance Specialists) is the only recognised professional qualification for any candidate that wants to provide UK auto finance advice. UK consumer credit is regulated by the Financial Conduct Authority (FCA), which requires all advisers to attain the relevant qualification before they can do so. The CertAutoFS® is a London Institute of Banking and Finance Regulated Qualifications Framework (RQF) Level 3 qualification.
The CertAutoFS® qualification comprises of 1 exam which is assessed by a 2 hour multiple choice exam undertaken at a Pearson Vue test centre, these are located all over the UK. To get your CertAutoFS® qualification candidates will need to register with the London Institute of Banking and Finance for each module. The registration includes an exam fee and the awarding of the qualification on successful completion of the exam. CertAutoFS® is split into 3 units:
- Unit 1 The Automotive Finance Market Place (25 multiple-choice questions and 1 case study with 5 linked questions)
- Unit 2 The Automotive Finance Regulation (40 multiple-choice questions)
- Unit 3 Customer Service and Management in an Automotive Finance Environment (15 multiple-choice questions and 3 case studies each with 5 linked questions)
The CertAutoFS® qualification is assessed via a two hour multiple choice exam. The pass mark is 70% per unit.
At Clarity Financial Training Ltd we offer professionally delivered CertAutoFS® training courses that help students pass their exams with confidence. Whether you have existing experience or are new to the industry our workshops are aimed at covering each syllabus to help understand and gain the relevant exam technique to pass the qualification with ease. We have various study options available to assist you to tackle the exam and pass. Click here to see our study options and dates.
LIBF Course Info
Professionals who want to offer auto finance advice need to meet FCA requirements. The Certificate for Automotive Finance Specialists is an industry qualification written in partnership with The Finance and Leasing Association, providing individuals with the appropriate qualification to practise. CertAutoFS® provides the knowledge and the ability to offer advice and is designed to ensure that the adviser obtains the highest quality educational material and assessment opportunities. Consumer credit is regulated by the FCA which requires certain standards to be upheld. This qualification is easily achievable with an unbelievable exam turnaround. At Clarity FT we will support you all the way until you pass your exam. The course content covers the whole scope on finance; covering regulation, products, law, etc. The tutors at Clarity FT have had undisputed success in helping numerous individuals pass their qualifications; we have the knowledge and the experience to help you succeed.
How Clarity FT run the course
At Clarity FT we offer various study options to complete your CertAutoFS® studies. Included are well written and easy to understand materials to help students understand how regulation and auto finance work. Our courses include full presentation material, mock exams and email support until you pass. The materials include:
- Classroom slides booklet and tutor led presentation
- Daily test questions and/or appropriate handouts
- Mock exams (if the exam is multiple choice based)
- Full aftercare support offered by e-mail direct to your tutor
- Light refreshments, including microwave for general use (Class based)
- Free parking for all students (Class based)
- Pass guarantee (you are with us until you pass)
- Class based
- Web based
Ways to Study
At Clarity Financial Training Ltd we are committed to offering you choice and convenience, so we have various study options to gain your LIBF qualification available for you to choose from. At Clarity FT we offer CeMAP® distance blended learning, as well as DipFA® In-House training and CertPFA® one-to-one. If you prefer the traditional classroom setting you can select this option. If you live some distance from London and cannot commit to the overnight stay try our other methods, either our on-line web tutor which is run real time, blended/distance learning or in-house (subject to minimum numbers) or if you prefer the personal touch have an exclusive one to one session. Click on the following and read for yourself which option best suits you.
We Offer the CertAutoFS qualification via all study options:
Choose the solution that suits you. Book now.