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Home Breaking News

Bank repossesses a vehicle a day in debt crackdown – starting with a Maserati 

November 10, 2025
in Breaking News
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Bank repossesses a vehicle a day in debt crackdown – starting with a Maserati 
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An NZX-listed financial institution is cracking on enterprise mortgage arrears because it shifts its focus to “high quality lending” within the wake of the financial downturn.

In October, Heartland Financial institution repossessed 36 automobiles from companies because of non-payment of loans. The fleet of seized automobiles included 5 Isuzu vehicles and a 2008 Maserati Quattroporte. 

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