The Car Finance Scandal They Kept Hidden - And Why It's Bigger Than PPI
Remember the PPI scandal? The one that paid out £38 billion after years of struggle and heartache?
Now, a new financial storm is brewing - and it might be even bigger. This time, it's car finance.
• Up to 14 million car finance agreements might have been mis-sold from 2007 to 2024.
• The FCA says nearly half of all car finance deals in that period could be affected.
• £8.2 billion compensation scheme announced by the FCA - and it could grow much larger.
This isn't just a few unlucky drivers - this is a widespread problem affecting millions of ordinary people who thought they were just buying a car, not getting caught in a financial trap.
Mis-sold financial product
Mis-sold financial product
Millions unaware at the time
Millions unaware at the time
Billions in compensation
Billions in compensation
Long, complex claims process
Long, complex claims process
Deadline rush for claims
Priority advantage if you act now
The story is heartbreakingly familiar - but with more people and more money involved this time.
• Dealers could secretly increase your interest rate - boosting their commission.
• You had no idea this was happening - it was buried in the fine print.
• For nearly 17 years, this unfair practice was the norm - affecting countless car deals.
Imagine thinking you were just getting a fair price on your car - when really, you were paying extra to line the dealer's pockets.
• £700 average compensation per agreement
• Multiple cars? Multiple claims. Someone with 3 financed cars could claim over £2,100.
• Industry giants like Black Horse, Santander, BMW Finance, and many more are involved.
• £8.2 billion set aside by lenders - and this is just the beginning.
What The Supreme Court's Ruling Means For You
In October 2024, the UK's highest court confirmed these hidden commission deals were illegal and unfair.
This means:
• You have a right to compensation.
• You don't need to be a legal expert to claim - help is available.
• Time is critical to get priority processing.
Don't Wait Until It's Too Late - Learn From PPI Mistakes
With PPI, people delayed, missed deadlines, and lost out. Here's your chance to act early and avoid the stress:
• Over 500,000 people have already checked their eligibility - don't be left behind.
• The scheme officially launches in 2026, but early action can give you priority.
• This isn't just about money - it's about fairness and holding the industry accountable.
Quick and Easy Eligibility Check - No Risk, No Hassle
• Takes just 2 minutes
• No paperwork needed
• No upfront cost
• Operates on a No Win, No Fee basis**
Check if you could be owed compensation now - before the wave hits.
What This Means For You and Your Family
If you financed a car between 2007 and 2024, there's a good chance you're owed money. Think back to:
• Your first car after passing your test
• Family upgrades
• Replacement vehicles
This is your moment to claim back what's rightfully yours - don't let the chance slip away.
