You need to have a mortgage with them though
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Another “haves” get better off, “have nots” miss out.
Not westpac fault, but damn if it isn’t another slap in the face for those trying to buy watching car prices and gas go up.
This is only for people who already have mortgages with Westpac and only interest free for five years.
In other words they are helping people who are already deeply in debt to sink even further into debt.
Aside from that the have nots are not buying new cars electric, petrol, hybrid or diesel. They are buying shitty old Japanese imports.
I wonder if the other banks will follow?