Car Finance
Ever had a car on finance?
If you’ve financed a car through PCP or a car loan, you might’ve paid more than you should’ve.
A recent investigation by the Financial Conduct Authority (FCA) found that lots of people in the UK have been hit with hidden charges on car loans, especially Personal Contract Purchase (PCP) deals. It turns out, approximately 8 out of 10 cars bought through these deals have overcharged customers so dealers can pocket more commission.
We can help you claim compensation if:
- You weren’t told about other finance options.
- The dealership didn’t tell you about the commission they were getting.
- You weren’t warned about fees for ending the contract early.
- You were misled about interest rates.
- You got bad advice on how much the car would be worth at the end of the deal.
What is a car finance claim?
A car finance claim involves seeking compensation if you believe you were mis-sold a car finance agreement. This can occur due to undisclosed commissions (i.e., fees you never saw but were charged) or irresponsible lending practices by the finance provider.
How do I know if I can make a car finance claim?
If you suspect you were not given full information about commissions or feel the lender did not properly assess your ability to repay the loan, you may be eligible for a claim. Contact us for a free assessment of your case.
How long does the claims process take?
The duration varies based on the complexity of the case and the responsiveness of the lender. On average, claims can take several months to resolve.
Are there any fees for making a claim?
Our initial consultation is free. If we take on your case, we will explain any fees upfront, which are typically contingent on the success of your claim.
Do I need a lawyer to make a car finance claim?
While not mandatory, having legal representation can significantly improve your chances of a successful claim. Our team specialises in car finance claims and can guide you through the process.