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Australian car finance ‘rort’ legal here

Fees criticised by the banking Royal Commission are still charged in NZ.

Maria Slade Fri, 24 Jul 2020

A car financing practice outlawed in Australia and the subject of two pending class actions remains completely legal in New Zealand.

Flex commissions, when lenders allow car dealers to charge higher interest rates on top of base motor vehicle loans and pocket the difference, were banned by

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Australian car finance ‘rort’ legal here
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