WENDY KNOWLER | Beware the new car 'gift' you pay for
The National Credit Regulator has run out of road in its fight to outlaw the car finance banks’ practice of ‘padding’ loans with ‘on-the-road’ fees
Source: timeslive.co.za
Stay updated with breaking news from Patrick Malungana. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The National Credit Regulator has run out of road in its fight to outlaw the car finance banks’ practice of ‘padding’ loans with ‘on-the-road’ fees
BMW, Mercedes-Benz and VW Financial Services have won on appeal, which now gives dealerships the green light to charge extra to prepare vehicles for sale.
The High Court in Pretoria has ruled that VW, Mercedes-Benz and BMW did nothing wrong by financing on-the-road fees.
High court overturns compliance notice issued against Volkswagen Financial Services.