New car finance regulations
On November 1 changes to new commission regulations brought in by the Australian Securities and Investment Commission will completely change the way car buyers will get their cars funded.
Long overdue and importantly kick back commissions will be a thing of the past. Macquarie Leasing has jumped on the changes partnering with car dealer and car companies in a new shopping centre store where customers can get advise on cars to buy, get qualified for finance and then get connected with car dealers to buy a car. With Macquarie Leasing’s car-buying website MotoMe.com.au the company opening its first car retail store in Westfield Hornsby Shopping Centre this week – dealers and brands will take monthly turns in exposing their products at the Macquarie shopping centre site and if the concept takes off it could well lead to a network of similar stores across the country. The new finance regulations will make car financing a lot more transparent. I’m David Berthon, visit MotoMe.com.au
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