Toyota Finance Australia facing class action for high-interest loans

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A class action lawsuit has been filed against Toyota’s Australian financial division in a Victorian court, alleging the company “ripped off” more than 100,000 customers by charging higher interest rates.

The class action, filed by Echo Law, alleges Toyota Finance Australia – which is separate to Toyota Motor Corporation Australia – facilitated undisclosed arrangements with Toyota and Lexus dealership staff who inflated interest rates on car loans between 2010 and…

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