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Car Finance Mis-Selling: What’s Really Going On?

Car Examer

But beneath the promise of “affordable monthly payments,” there’s a growing issue that’s catching more attention: car finance mis-selling. It’s not just about buyers feeling confused; it’s about some dealers and lenders failing to play fair. Poor Affordability Checks: Some buyers are approved for deals they can’t realistically afford.

Finance 59
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Why Tesla sales have tanked and why the price will keep dropping

CarExpert

That’s the case at the moment for hundreds and hundreds of Model 3 and Model Y vehicles that continue to arrive by boat, but don’t have any buyers attached to them. A recent 7 News story detailed the deluge of Teslas sitting dormant at the docks in Melbourne with no buyers in sight. And in some cases that works.

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Toyota launches subscription-style service for its new electric vehicle

Drive.com

However, the Japanese auto giant said it will have full ownership of the vehicle throughout the entire three-year leasing period, and buyers are eligible to upgrade to a new vehicle or have the option to re-extend their lease of the car once they’ve finished their term. per cent of the total lease payment, making the $1473.80

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Tesla offering 1.99 per cent finance on Model 3

Drive.com

Tesla buyers looking to finance their Model 3 could be eligible for a 1.99 The offer is available for finance terms up to five years and is not eligible with balloon repayments. per cent interest rate until 30 September 2024. Tesla Australia is offering a 1.99

Finance 67
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Should you pay cash or finance your new car?

CarExpert

The case for cash To pay cash for a new car means parting with the full price of the vehicle at the time of purchase, giving the buyer entitlement to the full value of the car without any further financial commitment. In isolation, financing a car means that you pay more than a cash buyer for the same car, worsening your financial situation.

Finance 97
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How does dealer finance work?

CarExpert

Dealer finance is a growing field and it’s unusual for a prospective car buyer to go through the process without receiving a spiel on loan options. The loan may or may not include an upfront deposit, or a ‘balloon payment’ – a one-off lump sum you agree to pay your lender at the end of the loan term.

Finance 75
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Honda Civic Hybrid buyer’s guide

Drive.com

per cent for 36 months and balloon payment options of up to 45 per cent, with a 5.22 The post Honda Civic Hybrid buyer’s guide appeared first on Drive. If you’re after a specific grade or colour it may take up to three months. per cent comparison rate based on a $30,000, five-year secured consumer fixed loan.