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AAP
AAP
National
Miklos Bolza

ASIC lawsuit a warning shot to car dealerships

ASIC warns car dealers offering finance it is looking closely at how they are operating. (James Ross/AAP PHOTOS)

A Sydney auto dealership which allegedly offered unlicensed car loans with excessive interest rates is in court as the financial watchdog says it has its eye on the industry.

Lansvale Motor Group, operated by Diamond Wheels, and Keo Automotive operated an automotive dealership in Cabramatta in Sydney's southwest.

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