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Citi's car loan scheme not game changer

Dealers have upper hand in vehicle-finance market with packages and freebies

Published Sun, Oct 26, 2014 · 09:50 PM

Singapore

CITIBANK'S latest salvo in the car loans business might seem like a valiant attempt to rid the middlemen on behalf of the customer. But the drive could hit that proverbial wall, given the powerful influence that car dealers wield in the car loans market.

In a week's time, the bank will offer in-principle appro…

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