Bought A Car On Finance? You Could Be Owed Thousands In Compensation

45%

100%

Have you had a car on finance with
PCP or HP?

Yes

Did you keep the vehicle(s) for
more than 2 years?

Yes

How many vehicle(s) have you had on finance
between 2014-2019?

What are the Reg Numbers of the Vehicles?

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Postcode

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Good news.. based upon the details so far you could be eligible for a refund.

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No Win No Fee

92% Success rate

Average claim £3580

What Is Personal Contract Purchase/Hire Purchase?

Personal contract purchase (PCP) is perhaps the most popular way of buying a new car. You pay a deposit, make monthly payments throughout the time you have the vehicle, and then either pay a lump sum to keep the car or use its value to put towards the deposit of another PCP deal. Alternatively, you can give the car back and not pay anything to the car dealer.

Were PCP Deals Mis-Sold?

The Financial Conduct Authority estimates that up to 95% of PCP deals were mis-sold, which means that you may have been pushed into a deal that wasn’t right for you. Mis-sold PCP claims are realistically about setting this right.

The agreement could have been mis-sold for many different reasons, such as the dealership not disclosing how much commission you may have been paying during your contract. You may also not have had the terms and conditions explained clearly to you. Had you known about these issues, you wouldn’t have gone ahead with the agreement.

1 in 5 consumers cannot afford the final balloon payment with PCP car finance

A lot of the time, these deals were mis-sold because car dealerships were focused more about making money for their staff. Instead of finding the best deal for their customers, they were increasing interest rates to generate more commission. None of this was informed to customers at the time.

35000

Clients

Years

Caseworkers

Frequently Asked Questions

Are mis-sold PCP claims no win, no fee?

If your claim is unsuccessful, we do not charge you for our legal services. We offer these on a no win, no fee basis

What happens when a claim is successful?

Yes. Hire Purchase (HP) agreements are also covered under mis-sold PCP claims.

What is hidden commission?

With car finance, the bank or lender lends finance for borrowing a vehicle. The dealership receives commission for introducing you to the lender. By law, they are meant to disclose this to you at the time of taking out the contract, including how much will be paid as commission. If this didn’t happen, then it is classed as hidden.

How far back can I make a claim?

You are able to make a claim for mis-sold PCP agreements within the last 6 years.

Does the agreement need to be paid off before I can claim?

No. You can make a claim for mis-sold PCP either during your contract or after it’s finished. As long as payments were processed within the last 6 years, you can claim.

See If We Can Help

PCP Claims are covered by our No Win, No Fee service. If there is no refund, there is no charge for the service. Our expert team will do all the hard work for you.

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