At Your Lawyers, our car finance claim specialists are dedicated to helping consumers recover these hidden costs.
In the UK, millions of car buyers who financed vehicles through Personal Contract Purchase (PCP) or Hire Purchase (HP) agreements before January 2021 may have been overcharged due to undisclosed commissions. These hidden fees, often paid to car dealers or brokers without customers’ knowledge, led to inflated interest rates and higher loan costs.
A pivotal Court of Appeal ruling in October 2024 declared that dealers must obtain “fully informed consent” for commission payments, deeming non-disclosure unlawful. This decision has sparked a wave of compensation claims, with the Financial Conduct Authority (FCA) investigating widespread mis-selling and exploring a redress scheme.
We can meticulously review finance agreements to identify undisclosed commissions or banned discretionary commission arrangements (DCAs), which the FCA prohibited in January 2021. With our expertise, we aim to simplify the claims process, ensuring you have the best chance of securing the compensation you deserve without the stress of navigating complex financial regulations alone.
Beyond undisclosed commissions, many car finance agreements may have been mis-sold due to unclear or misleading terms. Any lack of transparency could leave buyers unaware of critical details, such as balloon payments or mileage restrictions, leading to unexpected financial burdens. In some cases, dealers also neglected proper affordability checks, pushing consumers into unaffordable agreements.
Your Lawyers’ car finance claim specialists excel at identifying signs of mis-selling, such as non-disclosed commissions, inflated interest rates, or inadequate affordability assessments. We can work tirelessly to build strong cases against lenders and dealers, leveraging our legal expertise to hold them accountable.
Choosing Your Lawyers means partnering with experienced car finance claim specialists who prioritise your financial recovery. We operate on a “no win, no fee” basis, and our team uses advanced tools to verify eligible PCP or HP agreements from as early as 2007, even if you have paid off your finance or no longer own the vehicle.
Compensation can be substantial, and we can keep you informed on legal developments which could broaden eligibility for claims involving non-discretionary commissions.
Trust our car finance claim specialists to guide you every step of the way.
Reclaim Your Money with Your Lawyers Today
If you financed a car, van, or motorbike before January 28, 2021, you could be entitled to thousands in compensation for undisclosed commissions or unclear finance terms.
Do not let hidden fees go unclaimed, partner with Your Lawyers’ car finance claim specialists to secure what may rightfully be yours. Our no-win, no-fee service makes it worry-free to start your claim today.
Claim with Your Lawyers now to check your eligibility and let our experts handle the process, ensuring your claim is filed before any upcoming claims deadline. Visit our website or call us to take the first step toward your compensation today!
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