Australia's biggest car lender Toyota Finance accused of "ripping off" 100,000 Toyota customers: Statement of claim in new class action alleging the issuing of "unfair" dealer loans now lodged with Supreme Court of Victoria

AutoExec Summary
Melbourne-based law firm Echo Law has filed a claim with the Supreme Court of Victoria in a class action against Toyota Finance, alleging the sale of “unfair” dealer loans between 2010 and 2018. The action alleges that an undisclosed “flex commission” arrangement existed, resulting in customers paying significantly higher interest charges. The class action seeks compensation for affected customers, and Toyota Finance has acknowledged the proceedings. Customers who entered into dealer loans during the period can register their interest in the class action.

Brands mentioned: Toyota, Westpac