Sportzone Motorcycles Limited and Motor Trade Finance Limited
Motor vehicle finance lender and motorbike seller charged credit fees that the Commission alleged were unreasonable. The Court ruled that the fees were unreasonable, and provided guidance on how credit fees may be calculated. The lender and seller unsuccessfully appealed against those decisions.
PartiesSportzone Motorcycles Limited and Motor Trade Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Fair Trading Act s 9; Credit Contracts and Consumer Finance Act ss 17, 41
Industry
Financial and insurance services; Retail - motor vehicle
