Green car deal a win
PEOPLE looking for an energy- efficient car may be eligible for a discounted loan after a $ 50 million agreement was struck. Australian lender Firstmac and the Clean Energy Finance Corporation have agreed to provide cheaper loans for measures to reduce emissions, including building upgrades and solar installations. Firstmac managing director Kim Cannon said about $ 25 million would be spent on cheaper loans for environmentally friendly cars.
Low- emission car loans will be available at a rate of just under six per cent.