motor finance: This encourages salesmen and brokers to bump up the interest rate in order to boost their own commission, the Financial Conduct Authority FCA said, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. The financial watchdog is proposing a ban on commission linked to the interest rate customers pay on their motor finance. You can form your own view. Subscribe now On a typical 10,000 car loan, this type of commission results in customers paying around 1,100 in extra inter over a four-year term. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras.
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