Quote:
Originally Posted by Trexx
Just beware of the exit fees - previous loan raped me on the last car for selling before 5 years was up. Something like $3,000 penalty plus interest penalty. Now my first question is "what happens if I settle early".
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ASIC recently regulated exit fees on personal loans, max exit fee is $640 prorata i.e. pay off loan in 2 yrs of a 4 yr loan fee is $320.