CBSL Wants to Scrap the Leasing Loophole That Lets Firms Double-Dip on Defaulters — Agree?

Sri Lanka's leasing companies can legally collect your monthly instalments, repossess and sell your vehicle after default, and then still chase you for an "outstanding balance" - courts have upheld this, ruling that compound interest and accelerated rentals aren't banned under current law. The Central Bank is now looking at repealing Section 31 of the Finance Leasing Act, the clause that lets leasing firms contract out of protections an ordinary borrower would otherwise get. Leasing companies argue defaulters already got the full value of the vehicle upfront, and that compound interest plus recovery costs simply cover real risk on a loan that was never fully repaid. Borrowers and consumer advocates call it double recovery - the company keeps your instalments, sells the repossessed car, and still bills you the difference, sometimes years later with interest stacked on top. If you've leased a vehicle and fallen behind, or worked in recoveries, how did the final numbers actually compare to what you expected going in? Should Section 31 go, or would that just make leasing firms tighten approvals and raise rates for everyone else? ලීසිං සමාගම වාහනය අරගෙන විකුණලත් ඉතුරු සල්ලි ඔයාගෙන් ඉල්ලනවද? ඒක සාධාරණද කියලා කියන්න.