If you are one of thousands of Australians with a car loan through your car dealership, you may be paying unfairly high interest rates on your loan, and entitled to compensation.
What is the Car Dealer Flex Commission Class Action about?
Shine Lawyers is preparing to commence a class action on behalf of customers who took out a car loan for personal use through their car dealer with the following banks / finance companies:
- Westpac;
- St George;
- Bank of Melbourne; or
- Capital Finance Australia Limited.
It is alleged that these companies failed to disclose the true nature of their “flex commission” loan structures to customers, resulting in customers paying unfairly higher interest rates.
What are 'Flex Commissions' and how do they work?
Can I join the Car Dealer Flex Commission Class Action?
You may be entitled to compensation as a member of the Car Dealer Flex Class Action if:
- Westpac
- St George
- Bank of Melbourne; or
- Capital Finance Australia Limited
- Your car was purchased between 2014 and 2018.
If you answered yes to the above, you may be entitled to compensation, and you are encouraged to register for the Car Dealer Flex Commission class action
How to register for the Car Dealer Flex Commission Class Action
Who is Shine Lawyers’ Class Action team?
Shine Lawyers’ Class Action team includes some of the firm’s most experienced solicitors and support staff. The team includes: