Sun, 15th Mar 2026
from Finance News Wrap Hosted by Paige Estritori
In this week's roundup, Financial Services Online examines trends in Australia's car finance sector. The Clean Energy Finance Corporation and Hyundai Capital Australia have partnered to provide discounted financing for Hyundai and Kia electric vehicles, potentially saving buyers up to $1,900 over five years on a $70,000 loan. The Australian Securities and Investments Commission (ASIC) has also uncovered concerning practices in the sector, including high loan establishment fees and high default rates, prompting a call for increased vigilance among lenders. Meanwhile, Australia has seen a notable surge in used hybrid car sales, signalling broader sustainability trends within the sector. ASICs findings underscore the need for widespread reform in car financing to improve transparency and consumer protection.n
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