Westpac Institutional Bank has recently increased the senior debt funding for the AFS AUTO-1 Trust to A$50M. Westpac is arranger, financier and swap provider.
With all the hype about buying a new car, don't dismiss the advantages of buying a used car. A used car offers value for money or the ability to upgrade in size or prestige.
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Don’t drive into a debt trap by borrowing against your mortgage to buy your next car. Financing a short term asset using a long term debt instrument like a mortgage is a debt trap.
