Car Finance Claims 246 FAQs

Do I Have to Pay Any Fees Upfront for a Mis-Sold Car Finance Claim?

No upfront fees! We operates on a ‘no win, no fee’ basis, ensuring you won’t pay anything upfront or if your claim isn’t successful. Be sure to review the terms of any claims service you select.

Can Filing a Claim Blacklist Me?

No worries! You’re legally protected. Filing a mis-sold car finance claim won’t affect your credit report or future access to credit. Go ahead and claim what you deserve!

What Does the PCP Scandal Mean for Drivers?

Drivers who were mis-sold PCP deals could get compensation. This could involve a reduced final payment, refunded fees, or even getting out of the agreement entirely.

What Are the Core Principles of Mis-Sold Car Finance Claims and PCP?

PCP lets you own a car through monthly payments and a final lump sum. But what if they didn’t explain everything clearly, or the deal wasn’t right for you? You might be eligible for compensation!

Who Can Claim Compensation for Mis-Sold PCP Motor Finance?

If you believe you were deceived when entering into a PCP agreement in the UK, particularly from 2007 to 2021, you might be eligible to seek compensation.

How Can I Recognise Mis-Sold Car Financing?

Indicators Include:

  • Uncertainty about interest rates or final balloon payments.
  • Sales pressure without consideration of your preferences.
  • Impact of hidden commissions on the transaction.
  • Inaccurate monthly payment expectations without adequate credit checks.
  • Review your finance agreement and seek expert advice if unclear.
What's a PCP Finance Claim?

A PCP claim lets you fight for compensation if you think your PCP car finance deal wasn’t explained correctly. This could involve:

  • Unclear terms
  • Pressure to buy
  • Hidden fees
  • Unrealistic payments

Think you might be owed money? Review your agreement and consider a PCP claim!

What Are the Main Categories of Mis-Sold Car Finance Claims?
  • Hidden Commissions: Salesperson gets a secret bonus you weren’t aware of.
  • Pressured Sales Tactics: You were rushed into a decision without proper consideration.
  • Affordability Concerns: The agreement doesn’t reflect your financial situation.
  • Discrepancies in Mileage: Unclear or unfair limitations on how far you can drive the car.
Who Can I Pursue for a Mis-Sold PCP Finance Claim?

Typically, you would file your mis-sold PCP finance claim against the lender that provided the financing, not the dealership.

What Compensation Can I Expect for Mis-Sold PCP Car Financing?

Compensation varies based on your particular situation, but you could potentially be owed thousands of pounds in compensation. It might include fee reimbursements, debt reduction, or contract termination.