Heartlands son, Harmoney, is going to disrupt the car loan market by approving the customer a bunch of cash and putting it in their bank account.
the customer then can go around all the dealerships shopping around and be a 'cash buyer'. By passing the dealers in house finance which maybe Marac (heartland).
the customer then has 60 days to provide Harmoney the rego and insurance certificate to keep the lower car loan rate. if not provided the loan will revert to standard personal loan rates.
quite interesting i thought.
anyways, HGH SP is holding up well today off the back of todays results. like i said a strong hold. good stuff