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Car Loan Exploitation

Car loans have been a ‘good little earner‘ for dealers who inflate the interest rate on the finance they provide to their customers. This well worked scheme will end – says the Australian Securities and Investments Commission– but not now – in November next year.

Car dealer showing new car to young couple in showroom
Augen auf beim Autokauf Source: Westend61

1 min read

Published

Updated

By Wolfgang Mueller



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ASIC has given the trade almost a year to wean itself from exploitative finance practices which disadvantage customers.

Salesman talking man in automobile showroom
In Zukunft ehrlicher und transparenter: der Autohandel Source: OJO Images RF

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