Rip-off car finance deals to be banned
Rip-off car finance deals to be banned
Financial watchdog cracks down on expensive commission-linked deals
Brean Horne
Tue, 07/28/2020 – 11:07Image
Motorists could pay £165 million less for car finance under plans from the Financial Conduct Authority (FCA) to ban deals where the seller’s commission is based on the interest paid by drivers.
Currently, some car dealers get more…