Are You Owed Money from a Mis-Sold Car Finance Deal?
If you financed a car between 2007 and 2024, you could be owed compensation worth hundreds - or even thousands - of pounds. A major announcement from the Financial Conduct Authority (FCA) has revealed widespread mis-selling in car finance agreements, and a compensation scheme worth £8.2 billion is now underway.
Here's what it means for you - and why acting early could make all the difference.
£8.2 Billion Set Aside - And You Might Be Entitled to a Share
In 2024, the FCA confirmed that up to 14 million car finance agreements may have broken the rules. The issue? Something called "discretionary commission arrangements."
In simple terms: many car dealers were secretly inflating interest rates on finance deals to boost their own commission - without telling customers.
The result? Millions of people paid more than they should have, and the FCA says they deserve to be compensated.
You Could Be Owed £700 Per Agreement
The average pay-out is expected to be around £700 per finance agreement. But if you've financed more than one vehicle since 2007, each one could qualify for compensation.
✅ Bought a second car? That's potentially £1,400.
✅ Three or four cars over the years? You could be owed thousand's.
Even if you've sold the car, paid off the loan, or don't remember the details - it doesn't matter. You may still be eligible.
Did You Use One of These Lenders?
If you financed a vehicle through a UK car dealership between 2007 and 2024 using:
PCP (Personal Contract Purchase), or
HP (Hire Purchase)
And if you used a major lender like:
Black Horse
Santander
Close Brothers
MotoNovo
Or dozens of others...
Then this could apply to you. Take a moment to check your eligibility here.
Find past agreements
Check Multiple claims at once
Manage legal arguements
Deal with the lender
Real People Are Already Claiming Everyday
Over 500,000 people have already checked their eligibility.
Some thought they wouldn't qualify - only to find they had multiple valid claims worth thousands.
And if you're worried about finding the paperwork, there's more good news.
You don't need:
❌ Car registration numbers
❌ Finance paperwork
❌ Lender names
✅ You only need your name, contact info, and rough dates - and we'll handle the rest.
If you're owed money, why wait?
This Is Your Fast Track to Justice
Maybe £700 won't change your life. But what if it's £2,800 from four old cars?
That's:
💰 A family holiday
💰 A credit card cleared
💰 A bigger deposit on your next car
This money was wrongly taken - and the system is finally ready to put it right. You just need to claim it.
