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Bank Will End Loans for New Gas and Diesel Cars, Buyers Will Only Get Loans for Right Decision
Western Journal ^ | 08/24/2023 | C. Douglas Golden

Posted on 08/25/2022 8:00:04 AM PDT by Jan_Sobieski

You may have heard of a company’s “ESG score”: The initials stand for environmental, social and governance — and the scores businesses receive can determine whether they have access to capital and at what interest rate, among other things.

Now, Bank Australia wants to export that kind of thinking to an individual’s choice of car.

According to Fox Business, the financial institution announced Friday that it will stop providing loans for new gas and diesel cars starting in 2025. Instead, it will only be giving loans to those buying new electric vehicles or used gas and diesel cars…

(Excerpt) Read more at westernjournal.com ...


TOPICS: Miscellaneous
KEYWORDS: australia; electric; esgscore; vehicles
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To: dforest

good question as to how apartment dwellers will recharge a car.

That’s just one detail which these people haven’t thought through, as they rush us towards this electric car future.


21 posted on 08/25/2022 8:12:20 AM PDT by Dilbert San Diego
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To: McCarthysGhost
If this sort of thing becomes the norm, it will KILL the auto industry.

And the petroleum industry. That's the plan. It's not a bug but a feature.

I wonder what Jay Leno, super leftist car hyper enthusiast, thinks of the attack on the auto industry?

22 posted on 08/25/2022 8:12:32 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Jan_Sobieski

ESG/DEI = two sides of thew same coin


23 posted on 08/25/2022 8:13:21 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Jan_Sobieski

More shared comments here:

https://freerepublic.com/focus/f-news/4087714/posts

😁👍


24 posted on 08/25/2022 8:13:32 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: Dilbert San Diego

“No word though, on how the power grid will be equipped to handle recharging of tens of millions of vehicles overnight”

The plan is to not be able to do that.


25 posted on 08/25/2022 8:14:55 AM PDT by Cold Heart (Save The Grid, Phase Out EV's)
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To: faithhopecharity

Criminality.


26 posted on 08/25/2022 8:15:48 AM PDT by Bonemaker (invictus maneo)
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To: Dilbert San Diego

The electrical capacity for everyone to charge cars is just not there.

That is why I believe they are actually planning on us NOT having a car.


27 posted on 08/25/2022 8:15:56 AM PDT by dforest
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To: Jan_Sobieski

The CEO of the bank is looking a lil' chubby - I think he shouldn't get medical help until he loses weight.

28 posted on 08/25/2022 8:16:12 AM PDT by BookmanTheJanitor
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To: DallasBiff

Ladas for everyone!


29 posted on 08/25/2022 8:16:27 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Jan_Sobieski

When Klaus Scwab orders countries to stop using Cash and use “Klaus Cyber Bucks” we’ll all be screwed


30 posted on 08/25/2022 8:20:24 AM PDT by butlerweave
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To: dforest

Most people have no idea of the fire danger these EVs pose.

GM came out with a warning to never charge their Volt parked in your garage. That it should be parked 25’ away from your house.

I do not even charge the battery for my hedge trimmer overnight in my garage attached to my house.

I would think all the major insurance companies will start denying home owners claims on fires started by EVs charging on the property they are insuring. They will write in exclusions into their home owners insurance policies.


31 posted on 08/25/2022 8:29:07 AM PDT by woodbutcher1963
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To: Jan_Sobieski
I've been to OZ...

What the hell happened to OZ?

32 posted on 08/25/2022 8:30:45 AM PDT by Osage Orange
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To: Jan_Sobieski

https://freerepublic.com/focus/f-chat/4088237/posts


33 posted on 08/25/2022 8:32:29 AM PDT by lula (Shine the light of truth Lord, confound the deceiver I pray...AMEN!)
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To: Jan_Sobieski

If it was a US bank I would get their credit card and make a one dollar charge every other month so they have to mail me a bill every month. Figure they get 3% surcharge on charges so 18 cents per year and have to pay about $12 in printing, postage and handling.


34 posted on 08/25/2022 8:33:29 AM PDT by KarlInOhio (If Hitler invaded Hell, I would make at least a favourable reference of the Devil...-Churchill)
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To: Jan_Sobieski

I won’t be around when ALL of these batteries need to be disposed of DAMN I really want to see just what they will do then!! We already are having problems disposing of these NEW light bulbs most are just ending up in the trash!!


35 posted on 08/25/2022 8:38:27 AM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: Jan_Sobieski

That’s a good idea. Getting loans on fast depreciating products is insane.

Car finance manager: “Oh, you are $8k upside down on your 4 year old car but you want a new one? No problem!”


36 posted on 08/25/2022 8:38:35 AM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: Flick Lives
There are 4,900 banks and 5,200 credit unions in the U.S. If some megabank in the throes of wokeness decides to end auto loans, there are numerous lenders happy to take the business, not to mention finance arms of car manufacturers. Walmart and Target have the option of being woke, as they are dominant in what used to be called dry goods sales. Their main online competitor is Amazon, which is to the left of Lenin.
37 posted on 08/25/2022 8:42:21 AM PDT by Wallace T.
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To: Jan_Sobieski

it will only be giving loans to those buying new electric vehicles or used gas and diesel cars…
= = =

Business plan.

Buy gas and diesel cars for cash.

Drive it around the block = used car.

Sell used car to customer who can now get loan,.

(Slight markup of course.)


38 posted on 08/25/2022 8:49:42 AM PDT by Scrambler Bob (My /s is more true than your /science (or you might mean /seance))
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To: Jan_Sobieski

Good. As a result, sales of electrics will tank to low numbers, because MOST “Ordinary People” need a car loan to buy A GODDAM 60,000 DOLLAR CAR. They don’t have 60 long ones hanging around in mayonnaise jars.

Only the rich and the Parasite Politicians have 60 Big Ones in handy CA$H. (...and drug dealers and criminals, of course.)

This will, of course, result in big black market, and we’ll look like Cuba — with ancient cars struggling for continuance. (I’d like my ‘57 Chevvy Bel Air back, thank you. White hardtop, black body. Bitchin.)

Of course GovDome cannot permit that, so obviously old cars will be confiscated and cubed.

Use Public Transit, Citizen — or just die, and save us all the trouble of bumping your uncooperative butt off.


39 posted on 08/25/2022 8:53:10 AM PDT by William of Barsoom (In Omnia, Paratus)
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To: Jan_Sobieski

No need to borrow money. After my first car, I never borrowed again for cars. I buy reliable new cars (Toyota). Last car in 2011 for 20K. I figure my next new car will be in 2025 which will be cash. House is my last loan and I owe 65 thousand left. They can give me a zero social score. Big deal. This may encourage people to stop borrowing money they don’t have.


40 posted on 08/25/2022 8:55:36 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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