Car Sales
Study: car finance regrets soar
Executive Summary
Summary: # Car Loan Regret in Australia
Over one in four Australians regret their latest vehicle loan choice, with younger borrowers particularly vulnerable. A Money.com.au survey found 28% of car finance users selected unsuitable loans. Gen Z showed the highest regret rate at 54%, compared to 12% of Baby Boomers. Common issues included trusting salespeople (47%), unclear fee explanations (23%), and feeling rushed (19%). ASIC is reviewing car finance practices, with findings expected by end of 2026.
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Study: car finance regrets soar
