The Certificate for Automotive Finance Specialists (CertAutoFS) - 601/5614/4 is a QCF level 3 qualification. CertAutoFS has been developed in partnership with the Finance and Leasing Association (FLA) for professionals working within the motor finance sector.
"The automotive finance sector is experiencing a period of significant growth. This growth coincides with the change of regulator for the sector from the Office of Fair trading to the Financial Conduct Authority (FCA). CertAutoFS reflects these changes and enables individuals to demonstrate their knowledge and expertise within the sector through the attainment of a fully independent, transferable and widely recognised professional qualification.
CertAutoFS is a natural progression from the FLA's Specialist Automotive Finance (SAF) test, aimed at providing customer-facing staff in motor dealerships with a basic knowledge of automotive finance products and regulation."
This qualification focuses on developing knowledge of the automotive finance marketplace, key concepts and products and the regulatory framework in which automotive operates.
CertAutoFS will help students to:
Important Qualification Related Information
* Bursaries are available to eligible students.
The Certificate for Automotive Finance Specialists comprises three mandatory units. The units cover the key principles of the automotive finance sector, best working practices and the regulatory framework in which it operates.
All three units have to be successfully completed in order to achieve the certificate.
It is recommended that you spend 135 learning hours on the Certificate for Automotive Finance Specialists (CertAutoFS), which has been designed as a self-study qualification. A comprehensive set of online learning materials is provided following registration, which enable you to study at your own pace via access to the information gateway my ifslearning.
Please note that in order to reflect any changes to syllabuses, the study materials for some units are updated annually. It is your responsibility to know when the materials are due to be updated and ensure that you are studying from the latest materials. The most up-to-date materials, updates and amendments can be found on my ifslearning, so if you print or download the materials, we suggest that you log in regularly to check for updates.
CertAutoFS will be assessed by two hour examination:
Unit 1 - The Automotive Finance Marketplace (AFM)
AFM is assessed by one objective test comprising 25 multiple-choice questions and 1 case study with 5 linked questions. This component of the examination is to be completed in 35 minutes and is worth 30 marks. Unit 2 - UK Automotive Finance Regulation (AFR)
AFR is assessed by one objective test comprising 40 multiple-choice questions. This component of the examination is to be completed in 45 minutes and is worth 40 marks. Unit 3 - Customer service and management in an automotive finance environment (CSM)
CSM is assessed by one objective test comprising 15 multiple - choice questions and 3 case studies each with 5 linked questions. This component of the examination is to be completed in 40 minutes and is worth 30 marks.
The CertAutoFS objective test is available at over 150 Pearson VUE centres nationwide with the result provided on the day.
View information on examination booking and venues.
You can register for CertAutoFS at any time.
Online - complete the online registration and payment form. By phone - call Student and Customer Services on +44 (0) 1227 818609. Please have your VISA / MasterCard / debit card to hand when you call. By email / post - download and complete the registration form. You will need to have Adobe Acrobat Reader installed on your computer to view this file – you can download this program for free from the Adobe website. When you have completed the form either send it to the address stated on the form, or by email.
Membership of the Institute of Financial Services includes access to benefits that help you to maintain your skills and knowledge, as well as supporting your career ambitions. It costs £72 per annum and can be paid monthly by Direct Debit at no extra cost.
Apply for membership.
ifs University College does not currently provide a direct progression route for CertAutoFS students. However, there are a number of qualifications that students are able to progress on to that expand on and develop on the themes covered in CertAutoFS. In general terms these fall within two progression pathways, focusing on management and advice. The qualifications are as follows:
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