Borrowers being caught out with high interest car loans | ABC NEWS

A new report warns customers about traps they face when taking out a car loan, including high interest rates and fees.

The report by the Australian Securities and Investments Commission (ASIC) identified problematic high-pressure sales tactics and car purchase prices being "significantly higher" than the lender-verified value of the car.
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Read more here: https://www.abc.net.au/news/2026-06-24/asic-warning-over-high-interest-car-loans/106773418

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