UK Supreme Court Hears Landmark Motor Finance Case with Billions at Stake
2025-04-01
Moneyweb
The UK Supreme Court has begun hearing a high-stakes appeal in a motor finance case that could have far-reaching implications for the industry. Close Brothers Group Plc and South Africa-based FirstRand are appealing a previous decision, with billions of pounds on the line. The case is being heard by a panel of five judges over three days, marking an unusually swift timeframe for the country's top court. The outcome could impact motor finance companies and consumers alike, making it a closely watched case in the financial sector, with key terms like automotive finance and financial services hanging in the balance.
