At Your Lawyers, we specialise in PCP finance claims, helping motorists reclaim the compensation they could be entitled to.
If you took out a Personal Contract Purchase (PCP) finance agreement to buy a car, you may have been mis-sold your finance deal. Many consumers in the UK have discovered that their agreements included undisclosed commissions and unclear finance terms, potentially costing them thousands of pounds.
PCP agreements have been widely used across the UK, often presented as an affordable way to finance a car. However, many customers were unaware that lenders and dealerships were profiting from hidden commissions, and that the terms of their finance deals were often unclear or unfair.
PCP agreements are one of the most popular car finance options, allowing customers to pay monthly instalments and either return the vehicle, trade it in, or make a final balloon payment to own it outright. However, many consumers were not informed about the high hidden commissions paid to dealerships by lenders, which often resulted in inflated interest rates.
Key issues that could make you eligible for a PCP finance claim include:
Undisclosed Commissions – Lenders and dealers profit from secret commission payments without informing customers.
Unclear Finance Terms – Misleading or complex finance agreements that did not properly explain costs.
High-Interest Rates – Inflated rates set by dealers, prioritising their commission over the best deal for the customer.
Failure to Conduct Proper Checks – Lenders failing to assess affordability before approving finance agreements.
Lack of Transparency – Customers not being given full disclosure of the financial implications of their agreements.
If you believe you were misled when financing your car, PCP finance claims could help you recover excess interest payments and compensation for financial losses.
The Financial Conduct Authority (FCA) has been investigating these unfair practices, and thousands of drivers could now be eligible for compensation. Many agreements were structured to benefit lenders and dealerships rather than customers, leaving consumers paying significantly more than they should.
At Your Lawyers, we have extensive experience in handling consumer claims, helping thousands of UK consumers recover the compensation they rightfully deserve. Our expert team can:
If you believe you were mis-sold a PCP finance agreement, you may be entitled to compensation worth thousands of pounds. Taking action now could help you reclaim overpaid interest, fees, and losses caused by hidden commissions and unfair finance terms.
There are time limits for making PCP finance claims, so it is essential to act as soon as possible. The longer you wait, the harder it may be to gather the necessary evidence and secure the compensation you deserve.
Do not let lenders and dealers get away with mis-selling PCP finance agreements. Contact Your Lawyers today to begin your PCP finance claim and reclaim the money you deserve.
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