Question: Can I use split payments for a single product or service?Answer:
Dividing up the cost of a product or service for a customer into different parts is called component pricing. This can create the impression that a product is at a lower price than a competitor because each element of the cost is a separate payment. This kind of split payments structure is often used in motor vehicle, car rental and airline industries. In order to prevent breaching the Australian Consumer Law, the pricing structure needs to clearly show that the original advertised price is not the full price and that additional fees and charges will be applied.