Car finance commission crackdown to save customers £165m a year

Tristan Shale-Hester2019-10-15 10:24
Regulators want to ban the system by which car dealers and finance brokers receive commission linked to interest ratesCar buyers could save £165 million a year if regulators in the UK succeed in their aim of banning a system by which dealers and finance brokers receive commission linked to interest rates.
At present, some car dealers and motor finance brokers receive commission linked to the interest rates that customers pay on their car’s finance