WesBank defeated in court by family-owned dealership
The purchaser of a Ford Ranger made three payments, then absconded with the vehicle. Wesbank tried to claim from the dealer.
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The purchaser of a Ford Ranger made three payments, then absconded with the vehicle. Wesbank tried to claim from the dealer.
Establishes Inspectify, its own vehicle inspection company with cutting-edge technology to differentiate it from other vehicle dealers.
The Consumer Tribunal also fined various companies, including many used car dealers, for disregarding consumers’ rights in terms of the Consumer Protection Act.
This SCA ruling means that if a bank-financed used car has a defect, the bank is now also responsible - not just the used car dealer.
The used car dealer must now pay up: R459 000 for the refund, R100 000 for the fine and the legal costs of the Consumer Commission.
Foreign exchange dealers must all make sure that they comply with Fica to ensure criminals do not use them to launder money or fund terrorism.