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ASIC's Investigation Highlights Issues in Car Finance Sector

Regulator Finds Excessive Fees and Early Defaults in Vehicle Loans

ASIC's Investigation Highlights Issues in Car Finance Sector?w=400

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The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices.

Published:Wednesday, 26th Nov 2025
Source: Paige Estritori

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Finance News

ASIC's Investigation Highlights Issues in Car Finance Sector
ASIC's Investigation Highlights Issues in Car Finance Sector
26 Nov 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
Bank Australia Halts Loans for New Fossil Fuel Cars
Bank Australia Halts Loans for New Fossil Fuel Cars
26 Nov 2025: Paige Estritori
In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This strategic decision aligns with the bank's commitment to achieving net-zero carbon emissions by 2035 and underscores its dedication to promoting environmentally friendly transportation options. - read more
GFV Programs Propel $4.66 Billion Increase in Vehicle Loans
GFV Programs Propel $4.66 Billion Increase in Vehicle Loans
26 Nov 2025: Paige Estritori
The Australian automotive finance sector is experiencing a significant transformation, driven by the rising popularity of Guaranteed Future Value (GFV) programs. These programs have contributed to a $4.66 billion surge in vehicle loans, presenting new challenges for traditional lenders and reshaping the competitive landscape. - read more
ASIC's Findings on Car Finance: High Fees and Early Defaults
ASIC's Findings on Car Finance: High Fees and Early Defaults
18 Nov 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
Economic Pressures Drive Australians Towards Premium Used Cars
Economic Pressures Drive Australians Towards Premium Used Cars
18 Nov 2025: Paige Estritori
As Australians grapple with escalating living expenses, a notable shift is occurring in the automotive market. Consumers are increasingly turning to premium used vehicles as a cost-effective alternative to new car purchases. - read more
Extended Research Periods Mark Australian Car Buying Trends
Extended Research Periods Mark Australian Car Buying Trends
18 Nov 2025: Paige Estritori
The Australian car market, recognized as one of the most competitive globally, is witnessing a trend where consumers are dedicating extended periods to research before finalizing their vehicle purchases. On average, Australians now spend approximately 2.8 months evaluating options before making a decision. - read more
ASIC Takes Legal Action Against Car Finance Provider for Alleged Lending Breaches
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02 Nov 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against car finance provider Money3 Loans Pty Ltd, alleging breaches of responsible lending obligations. This action underscores ASIC's commitment to enforcing compliance within the financial sector to protect consumers. - read more


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