ASIC commissioner calls out car finance providers over added fees

The Australian Securities and Investments Commission has slammed car finance providers over egregious fees and poor lending practices.

ASIC commissioner Alan Kirkland told 3AW Breakfast hosts Ross and Russel people need to be aware of the hidden fees that are often built into finance repayment contracts.

Press PLAY to hear the full extent of ASIC’s concerns

“We really want to highlight that for people to know that these costs can be buried in the total costs,” he said.

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