Average Car Finance Refunds Could Be Worth £4,000 or More
Many drivers across the UK are discovering they could be owed an average car finance refund of around £4,000. If you financed a vehicle using a PCP (Personal Contract Purchase) or HP (Hire Purchase) agreement in the past, you may be eligible to reclaim money due to mis-sold finance or unfair commission arrangements. Whether you’re driving a diesel or petrol vehicle, checking your eligibility is quick, free, and could result in a significant payout. Don’t miss your chance to claim what’s rightfully yours.
No Win, No Fee Car Finance Claims – Risk-Free Process
We work with a panel of experienced solicitors who handle vehicle finance mis-selling claims on a No Win, No Fee basis*. This means if your claim is unsuccessful, you won’t pay a penny. Clients benefit from a 14-day “cooling-off” period, allowing you to cancel your claim without any cost. After this period, a cancellation fee may apply in line with the terms of business. This hassle-free approach makes it easy and safe to start your car finance claim with peace of mind.
Your Right to Choose: Make a Claim With or Without Us
You are under no obligation to use a claims management company to pursue your mis-sold car finance refund. You can contact your car finance provider directly to lodge a complaint. If your complaint is not resolved, you can escalate the matter for free to the Financial Ombudsman Service (FOS). However, many people choose to work with our expert solicitors for convenience, professional guidance, and a greater chance of success when navigating complex claims.
Clear and Transparent Fees for Car Finance Claims
We believe in being open and transparent about our fees from the start. If your claim is successful, a Success Fee will apply, calculated based on the amount of redress awarded. This typically ranges from 18% to 36% including VAT, depending on your individual case. Our service is funded through this fee or a referral commission from your solicitor. Rest assured, any fees are fully outlined in your terms of business, and your compensation amount is never reduced unfairly.
What the FCA Says About Mis-Sold Car Finance and Commission
The Financial Conduct Authority (FCA) has released important guidance regarding the mis-selling of car finance and the use of Discretionary Commission Arrangements (DCAs). These commission structures may have incentivized dealers to increase interest rates without your knowledge, leading to inflated monthly payments. If you were affected, you could be eligible for compensation. Staying informed about FCA updates ensures you understand your rights and can take action if you’ve been treated unfairly.