Tag: car loan calculator
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RBA Cash Rate Impact: Car Loan Rates vs. Home Loans
Interest rates have been a hot topic lately, especially with the Reserve Bank of Australia (RBA) raising the cash rate multiple times since 2022. While much attention has been on the impact on home loan rates, car loans have also been affected. The relationship between the RBA cash rate and car loan rates is an…
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ASIC Reviews Motor Vehicle Finance Sector for Consumer Protection
The Australian Securities and Investments Commission (ASIC) has initiated a comprehensive review of the motor vehicle finance sector, with a particular focus on consumer protection aspects, especially for borrowers in regional and remote areas, including First Nations communities. This review is aimed at evaluating the compliance of lenders, brokers, and intermediaries with responsible lending obligations.…