If you are going to take on Motor finance specialist apprentices from a government-funded program, you will need to sign an apprenticeship agreement with them. This means you need to think about the terms of this agreement before you begin work with your apprentice. Here we look at what the key points to include in your apprenticeship agreement are as well as the available funding for the Motor finance specialist apprenticeship.
The apprenticeship agreement is a statutory requirement for the employment of an apprentice in connection with an approved apprenticeship standard. An apprenticeship agreement must be in place when an individual starts a statutory apprenticeship programme and should remain in place throughout the apprenticeship. The end date is when the end-point assessment is due to be completed.
The Motor finance specialist apprenticeship typically lasts 24 months and the end of qualification assessment is provided by Ofqual.
The apprentice will learn to offer and administer finance packages to customers buy vehicles
The Motor finance specialist apprenticeship is a Level 3 Legal, finance and accounting apprenticeship and the maximum funding available for employers is £6,000. You can find more information about the role and funding from the Institute for Apprenticeships and Technical Education.
The key terms of an apprenticeship agreement are:
To create your Motor finance specialist apprenticeship agreement, create a Legislate account and select the agreement from the list of available contracts. Set the terms of the agreement and invite the apprentice to e-sign the contract directly from Legislate.
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