Sportzone Motorcycles and Motor Trade Finance Limited
Motor vehicle finance lender and motorbike seller charged credit fees that the Commission alleged were unreasonable. The Commission also claimed disclosure was incomplete and the description of establishment fee was misleading. The Court ruled that the fees were unreasonable. The Court also found that the disclosure was compliant and the establishment fee description was not misleading. This is the first of two separate judgments of the High Court.
Case Details
Parties
Sportzone Motorcycles and Motor Trade Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 41, Fair Trading Act 1986 9
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
27 September 2013
Date closed
27 September 2013
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