Money magazine Comments - Class action launched over high-interest Toyota dealer loans If you purchased a car using a loan from Toyota Finance prior to 2018, you could be eligible to be part of a class action seeking compensation for over-the-top finance charges. https://www.moneymag.com.au/feed/latest?story=179803205 Wed, 10 Apr 2024 11:17:27 +1000 Wed, 10 Apr 2024 11:17:27 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Class action launched over high-interest Toyota dealer loans https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Fred Nurk ()

Might pay to verify the rate of 4.99% from the credit union at the bottom of this article. Even home loan rates start with a 6 presently. Their car loan rates have an 8 in front of them - which is a good rate by the way.

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]]> Fred Nurk () Wed, 10 Apr 2024 11:17:27 +1000 Comment by Money magazine ()

Fred,

That 4.99% interest rate was verified in February when the story was published and is still available from South West Slopes Credit Union today: https://www.swscu.com.au/loans/vehicle-loans/3-year-term-vehicle-loan.

- Money team

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]]> Money magazine () Wed, 10 Apr 2024 11:47:46 +1000 Comment by Jason Schwebel ()

Why not go after Harvey Norman for their 0% finance at full RRP or thereabout when someone can buy same item much cheaper when not taking interest free finance. It's called subvention where the retailer pays the lender out of the overpriced goods and is misleading/deceptive way of enticing customers believing they are saving money with no interest!

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]]> Jason Schwebel () Sat, 05 Oct 2024 10:06:35 +1000