Grey v Kingsway Autos Ltd - [1973] 2 NZLR 625

Hire purchase — Nature of transaction — Lease of motorcar — Car sold by dealer to finance company — Lease by finance company to user — Giving credit to user for trade-in value of user's own car traded to dealer — Composite transaction void — User unable to recover moneys from dealer — Hire Purchase and Credit Sales Stabilisation Regulations 1957 (Reprint SR 1967/192), regs 2, 8(b), 10.