Get My Refund

Flex Interest Class Action on Car Loans

Even though ASIC banned flex commissions in the car finance market in 2018, thousands of car buyers are expecting justice. The Maurice Blackburn law firm issued a class action on behalf of the buyers.

The outline of the class action states that flex commissions were paid to the dealers by Westpac, St. George, Bank of Melbourne, or Capital Finance Australia Limited.

These banks and finance companies have failed to disclose the nature of their flex commissions. This resulted in many car buyers needing to pay unfairly high-interest rates. In some cases, these interest rates fluctuated between 6.5% and 15.5% for the exact model sold on the same day.

Is a Class Action Worth It?

Many people are considering joining the class action, however, they can take years to settle and the settlement amount is usually much lower than the total of the group members who purchased individual premiums. Unfortunately, when you join a class action, you also give up your right to recover compensation as an individual if you’re unsatisfied with the outcome.

Get My Refund takes a different approach, we focus on each victim individually and work in the best interest of our clients. We’ll help manage the entire process for you and work towards helping you win the maximum refund.

Who Is Eligible for a Refund?

No one should pay exorbitant interest rates, and those who charge them shouldn’t get away with it.

You should join the class action, check whether you entered into a car loan with the four financial institutions listed above from 2014 to 2018.

However, the following institutions are also under investigation:

  • BMW Finance
  • Alphera Financial Services
  • Macquarie Bank / Macquarie Leasing
  • Toyota Finance Australia Limited
  • Nissan Financial Services


Contact Get My Refund today and tell us about your experience. We’ll make it our goal to ensure your piece of the payout is secured.

Get My Refund will fight for every cent you're owed.

We specialise in reclaiming money for consumers by investigating your individual situation to get back what you are owed if you were mis-sold, even if you loan is still current or has been paid out already.

Who is Eligible for the Refund?

The opt-out model applies to class actions in Australia. Under the precedence, all persons affected automatically become members of the relevant class action. Members will be legally bound by the settlement or court’s decision unless they had previously opted out of the proceedings. Group members will have no comment on settlement offers, settlement sum amounts and how much is shared with all other group members and waiver of rights to ever complain directly.

On the contrary to opt out, If you also do not opt in you are not likely to receive part of any group settlement sum. This continues to be a problem, by not receiving a notice then fails to inform recipients that they are members of the class action.

How do you opt out?

If you do not want to take part in this class action, you have to opt out before the stipulated deadline. Anyone who does not want to participate in the class action would have had to complete their opt-out form and mail it to the relevant Federal or Supreme Court by that date. This is also something that we can help you with.

If you had opted out, you’ve removed yourself from this class action. As a result, the outcome of the case will not affect you. You will be free to file your own claim separately and therefore entitled to more compensation.

A class action is a lawsuit brought by a group of claimants who suffered wrongdoings in the hands of the defendant. This type of lawsuit is also known as multi-district litigation or mass tort litigation.

Since the compensation for individual injuries may pale in comparison to the cost of a lawsuit, banding a group of claimants together tips the scale in the other direction, making it a suit worth filing.

Besides the claimant attorneys, filing a lawsuit as a group allows consolidation of witnesses, evidence, and other aspects of litigation for enhanced efficiency.

If you opt in you waive your right to ever complain directly if you are not happy with the refund amount. Any settlement sums you are entitled to will be shared with all the other group members, some members will get more than others – plus deductions of lawyers fees and court costs.

We work on behalf of you as an individual on all insurances (not just the class action ones) and work towards obtaining the maximum refund you are entitled to! Class actions can take years to be approved and to go through court process, whilst our refund claims can be completed in a matter of weeks!

This in recent times has worked out to be more than 60% more refund potential in your pocket even after our fees!

Once opted out your refund claim can be completed in less than 60 days, dependent on the complexity of your individual case.

You deserve some Gold Star stickers! There was some Tim Tams, but we ate them all. Sorry. You snooze, You…

Why? Okay, since you’ve read the whole page (you did not skim did you?), you definitely deserve a reward…..Lets make it a refund! If your still concerned or not sure then pick up that phone to our friendly Team! We love helping you (02) 9156 1000.

Get My Refund will fight for every cent you're owed.

We specialise in reclaiming money for consumers by investigating your individual situation to get back what you are owed if you were mis-sold, even if you loan is still current or has been paid out already.