Financed a vehicle before 1st November 2024?

You could claim

£££’s

IN COMPENSATION

This is how it works 

“The FCA has launched a major investigation into hidden, unfair car finance commission. This could lead to billions of pounds of overcharged interest paid back to millions of people.”

Martin Lewis

moneysavingexpert
MIS-SOLD CAR FINANCE

FREE CLAIM CHECKER

Complete our secure, 60 seconds form to see if you’re owed £1,000’s in compensation.

Form Secured 

    Have you already filed a complaint/claim elsewhere?
    Referral code if any

    Who was your loan with?

    How to find your statutory credit history

    How it works, in three easy steps

    Fill in our FREE Claim Checker.

    Sign and return (freepost) the documents we send to you.

    While we pursue your lender, await your result!

    Eligibility Criteria

    This checklist highlights some basic criteria to help you understand if you may have been mis-sold car finance. If any of these apply to you, you could be entitled to a refund, plus interest.

    Vehicle Type

    Cars, vans, campers vans, and motorbikes are all applicable

    Types of Finance Agreements Included

    Personal Contract Purchases (PCP), Hire Purchase

    Status of the Vehicle

    Eligible even if the car is paid off or repossessed.

    Multiple Agreements

    If you were mis-sold multiple finance deals, you could be eligible for multiple claims, although each case is individual.

    Date Restrictions

    Vehicle must have been financed before 1st November 2024. Likely not eligible for agreements before 6 April 2007.

    Vehicle Usage

    Must be for primarily personal use (commuting counts as personal use). Occasionally used for business may be okay, but primarily business use disqualifies it.

    Deceased Person

    You can reclaim on behalf of a deceased person providing you have the necessary legal documents.

    Other Claims

    Can claim even if you’ve submitted a diesel emissions claim; this is a separate issue.

    Doesn’t include

    Personal Contract Hire (Leasing) or Interest-Free Finance.

    Mis-sold Car Finance — you might be owed money. If so, WE’LL RECLAIM IT FOR YOU.

    We all love our cars, but sometimes car purchasing can be a murky business. Some proud car buyers have actually been mis-sold motor finance on their car (or van), and have been overcharged, meaning that they are now OWED MONEY.

    Are you?

    Mis-Sold Car Finance

    Let’s break this down

    • A major mis-selling investigation has been launched into this Discretionary Commission Arrangement — you could be owed thousands in mis-sold car finance compensation

    • Brokers (not lenders) are getting into trouble for overcharging: countless borrowers believe their contract was more expensive because their broker stood to earn a hefty commission by charging more, which is WRONG

    • This only applies to vehicles purchased before 1st November 2024, when new rules banning this type of commission model took force — with the investigation focusing more specifically on those who used PCP (Personal Contract Purchase) or Hire Purchase

    • Car (and van) buyers are livid: car dealers should not have used a discretionary commission mechanism to profit from higher interest rates

    However:

    Not everyone’s claim will prove fruitful, of course; that’s just the reality. But we’re incredibly determined at what we do, not to mention extremely effective. So, if you’re owed money from a mis-sold motor finance policy, we’ll get it back for you. And that means every penny, once the investigation is complete, and claims can be made.

    For the latest FCA update on DCA redress, click HERE 

    There’s nothing to pay upfront so why not check  to see if you have a  claim today?