In recent years, the UK car finance industry has faced significant scrutiny due to undisclosed commissions and unclear finance terms, leaving many drivers overpaying on their car loans. If you have financed a vehicle through Personal Contract Purchase (PCP) or Hire Purchase (HP) agreements, you could be eligible for a car finance compensation claim.
Your Lawyers specialises in helping motorists like you recover the money you could be owed. This article breaks down the essentials of making a claim, your rights as a consumer, and how our expert team can guide you through the process.
Many UK consumers have been affected by hidden commissions and misleading terms in car finance agreements. Undisclosed commissions can occur when car dealerships or brokers receive payments from lenders without informing you, sometimes leading to higher interest rates that increase the cost of your loan. Unclear finance terms could also leave you locked into agreements that were not properly explained, making it difficult to understand the true cost of your vehicle.
The Financial Conduct Authority (FCA) has highlighted these issues, particularly after the 2024 Court of Appeal ruling that deemed it unlawful for dealers to receive commissions without your informed consent. That landmark decision opened the door for millions of drivers to pursue a car finance compensation claim for overpaid interest and charges. Your Lawyers is committed to ensuring you understand your rights under UK laws, such as the Consumer Credit Act 1974 and the Consumer Rights Act 2015, which require transparency and fairness from lenders and brokers.
Your Lawyers brings extensive experience in handling car finance compensation claims, having helped thousands of clients navigate consumer cases. Our dedicated team can offer:
Whether your agreement involves undisclosed commissions or unclear terms, we can work tirelessly to secure the compensation you deserve. Now is the time to act to ensure your claim is lodged before potential deadlines.
Making a car finance compensation claim is straightforward with Your Lawyers. Here is how to get started: if you financed a car, van, or motorbike before January 28, 2021, and suspect hidden commissions or unclear terms, you may have a claim. Use our online claim tool to quickly assess your eligibility.
The FCA estimates that affected customers could be owed around £1,100 on a typical £10,000 loan, with potential payouts increasing due to added interest on overpayments. By acting now, you can ensure your claim is processed efficiently and avoid missing out on significant compensation.
Do not let undisclosed commissions or unclear finance terms cost you more than they should. If you have financed a vehicle and suspect you were misled, you could be entitled to thousands in compensation.
Claim with Your Lawyers today and start your case. Act now to reclaim what is rightfully yours.
Really need to know if you have a PCP Car Finance claim to make?
Use our claim tool above to find out if you are eligble for thousands of pounds in compensation!
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