Wellington car dealer ordered to pay compensation for lending breaches

Wednesday 28 May 2025 · 2 outlets · 2 reports · updated Wed 28 May 2025, 4:14pm

In this story Commerce Commission

El Cheapo Cars has been ordered to pay more than $340,000 in compensation to hundreds of borrowers after failing to disclose key loan information between 2015 and 2021. The Wellington-based firm also received a $115,000 fine after pleading guilty to seven charges brought by the Commerce Commission.

How they headlined it

3:33pm4:14pm

1. 1NewsWed 28 May 2025, 3:33pm

   El Cheapo Cars fined, ordered to repay $340k for loan disclosure breaches (opens in new tab)

2. NZ HeraldWed 28 May 2025, 4:14pm

   Wellington firm El Cheapo Cars to pay hundreds of thousands for not disclosing loan details to borrowers (opens in new tab)