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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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Toyota launches subscription-style service for its new electric vehicle

Drive.com

Toyota Australia said it owns the vehicle throughout the entirety of the lease – with customers eligible to upgrade or re-extend their term. Toyota has not specified a specific cost for each monthly payment but has said its prices are subject to change depending on the buyer’s location.

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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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Buying a car this weekend, check out these offers

Drive.com

Toyota Toyota is offering a $1500 “contribution” – which it calls a deposit bonus – to HiLux 4×2 and 4×4 customers who finance their new or demonstrator models with Toyota. It is available for private or business (bronze or silver fleet) customers only and is limited to one offer per finance contract.

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2024 Skoda Kamiq Run-Out review

Drive.com

However, it opens the Skoda Kamiq up again to buyers on a tighter budget, and is similarly priced to increasingly popular top-of-the-range small SUVs from Chinese brands. Unless the customer purchases a service pack, the Kamiq is expensive to maintain. Should it be on your consideration list? How much is a Skoda Kamiq?