PCP Claims and Mis-sold Car Finance Claims
Have you purchased a used or new car using finance within the last 10 years? If you have taken out a PCP Car Finance from 2007-2019, then you may be able to claim £1000’s in compensation.
If this, is you then contact us, and we will check your car finance agreement and then be able to tell you how much you are eligible to claim in compensation?
You don’t need to use a claims management company to make a claim about your loan, you should contact your loan provider first. If not successful you may be able to refer it to the Financial Ombudsman Service or the Financial Services Compensation scheme for free (if it falls under their remit).
*No Win No Fee *A Success Fee Of 25% (Including VAT) Will Be Charged To You If Your Claim Is Successful By Your Solicitor. Should You Cancel Your Claim Your Solicitor May Charge You A Cancellation Fee, If You Cancel Outside Your 14 Day Cooling Off Period.
Hidden or Undisclosed Commission
The Financial Conduct Authority (FCA) has reported that thousand of Car Finance customers may have been completely unaware of the commission payments within the agreement. If a fee or commission was granted to the salesperson for bringing the car finance deal to the bank and you were not informed of the car sales person receiving a commission then this regarded as a hidden, secret, or undisclosed commission. You must be notified by the bank or finance provider of all the fees incurred within the car finance deal.
High pressure sales tactics
Being put under pressure can be quite uncomfortable and frustrating. The car salesperson needs to give you enough time to understand and assess the deal/agreement being offered and offer alternatives also. If you feel that you were put under pressure to sign into the car finance agreement and didn’t feel comfortable then you may also be eligible to claim compensation.
Affordability Checks
Finance and loan agreements such as PCP or HP may not be in your affordability range. If you feel that you signed a deal that you were unable to complete payments for due to affordability, then contact us you may be able to claim compensation.
Overcharged Interest
There have been many cases that show car sales customers are overcharged thousands in interest. This was done in the best interest of the dealership to obtain higher commission rates manipulating the customer who took out the car finance agreement.
Emission Scandal Claims
The Emissions scandal claim involves many car manufacturers being investigated for tampering with their diesel emissions. However, if you have been sold a car in a car finance (PCP) deal and received a vehicle that had a particular set of emissions then you may have been misrepresented.
What is Mis-sold Car Finance?
Communication
You received poor advice about the options available about your car finance.
Overcharged
You may have been charged more interest than you should have.
Hidden Costs
The Car Finance lender may have misled you on extra costs involved.
Unknown Charges
You were not made aware of the various commissions that were being charged within your agreement.
