In a further blow for all the people who read the small print, they will miss out yet again on free money.
The otherwise pristine reputation of car salesman has been tarnished by a court judgement on car finance 'secret' commission payments. Anyone who meticulously sourced their own finance and didn’t just nod and sign when buying a car may miss out on a wad of compensation spondoolicks.
Reading a carefully worded statement, a representative of all the people who are cautious and diligent when undertaking large financial transactions said: 'Dammit, not again!'
The PPI scandal (Payment Protection Insurance), not the PPE scandal (Personal Protective Equipment), was a massive score for anyone who didn't decline the blatant needless extra costs that were greedily added by banks. Compensation for PPI mis-selling was a major act of justice that prevented banks from committing fraud for several weeks.
Although not as complicated as another classic bank mis-selling technique known as the Interest Rate Swap switcheroo, which at least made the effort of being deliberately confusing, this cheeky manoeuvre on car finance was as basic as just hiding the commission details.
A nodding fool exclaimed, 'Yes Boieee! I am a financial genius and will learn nothing!'
Photo by Stockcake: chequebook-illustration-art_557595_195734