Better deals on car loans through dealerships now law

Better deals on car loans through dealerships now law Significant protections for those buying a new or used car on finance offered through dealerships start on Thursday. The new law bans “flex commissions”; the practice where the dealership earns a higher commission the higher the interest rate charged on the loan. Under the current system,…

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What will power the car of the future?

What will power the car of the future? Short of the likes of Abbott and Trump convincing global leaders that coal is good and climate change is a myth, the era of the electric vehicle (EV) will be ushered in with shocking force over the next decade. Even if climate change deniers (whose opinions are…

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New car myths leave many out of pocket

New car myths leave many out of pocket New-car buyers are paying $20,000 more for a vehicle than used-car buyers, and while people aged over 65 prefer to leave a showroom in new wheels by a factor of almost two to one, Generation Z is saving its cash, with most opting for secondhand. The average…

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‘I had never seen anything like this’: Inside ANZ’s car loan business

‘I had never seen anything like this’: Inside ANZ’s car loan business ANZ’s former car loan business Esanda was riddled with misconduct, the royal commission has heard, including dealers pumping up interest rates to get commissions and brokers swapping customer’s financial information with that of their guarantor to get loan approvals. ANZ’s breaches of responsible…

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Not all car finance is created equal

Not all car finance is created equal. The world of car finance can be a hugely confusing place to anyone not sporting an economics degree (or the surname Koch). For a start, it’s like they’re all speaking some strange and alien language, with terms like comparison rate, principal, redraw and payment schedules all thrown about…

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Acknowledgment

Drive Easy acknowledges Aboriginal and Torres Strait Islander Peoples as the First Australians.

We acknowledge the diversity of Aboriginal and Torres Strait Islander Peoples across this land. We respectfully recognise Elders both past and present.