Hidden Fees
Quotes were provided for vehicle finance that included hidden fees. These fees were not disclosed until I realised that the monthly repayments and interest rate quoted did not match. In the quotes provided the company quotes an "Asset Price" not a "Loan Amount" . In one quote the Loan Amount was calculated by me to be greater than $5K more than the asset price. On further questioning the company admitted to charging an establishment fee ($499) and an "Origination" fee that are added to the asset price prior to calculating monthly payments.








