The High Court in Auckland has made a detailed line-by-line ruling on which fees charged by Motor Trade Finance are reasonable and which are not.
The judgement relates to the Sportzone Motorcycles case but has much wider implications for Motor Trade Finance which earns about $10 million a year from fees.
Justice Toogood disallowed, including the costs of training, travel, directors' fees, accounting, legal and audit costs in the fees charged customers taking out loans to buy vehicles.
However, he did allow a number of costs, including 10 percent of the salaries of finance staff to be included in establishment fees, some bank costs and some communications costs.
The detailed assessment of the fees the company charged follows an earlier ruling that some fees MTF charged were unreasonable.
Despite this assessment, MTF said it still had was not in a position to quantify any ultimate liability in respect of the Sportzone loans or the rest of its business.
MTF said that was because it was appealing both judgements.
