Mis-Sold Car Finance Claims
Up to 14 million people may be eligible for payouts related to car finance mis-selling. Are you one of them?
Find out what you could be owed in seconds.
Was fantastic from start to finish, kept me informed throughout, would recommend
if you need to make a claim
Have You Been Mis-sold Car Finance?
Many people have been sold car finance with unfair terms and have ended up paying too much as a result. But how do you know if you qualify to make a claim?
You might have been mis-sold a PCP or HP finance agreement if any of these apply:
- You bought a car under a finance scheme (such as PCP or HP) before 28 January 2021.
- The dealership did not inform you about the commission they would receive from the lender.
- You were charged a higher interest rate to increase the dealership’s commission.
- The salesperson did not adequately explain all available finance options, interest rates, and associated costs.
- The dealership did not conduct proper affordability checks or pressured you into an unaffordable agreement.
Sound familiar? If so, you may be eligible to make a claim.
We are here to help you understand your rights, work out how much money you could be due back, and pursue a claim against the lender or broker involved on your behalf.
Contact us today to find out how we can help you get the Car Finance compensation you deserve.
Really supportive and clear guidance. Very responsive and managed to get our claim completed
How it Works?
Making a car finance claim with Claim My Loss is straightforward. We’ve kept the process simple so you can quickly find out if you’re owed money.
Use our Car Finance Claim Calculator
Just enter a few details into our free calculator. In seconds, you’ll get an estimate of what your claim could be worth.
We review your case
We handle the claim for you
Once you give us the go-ahead, we’ll manage the whole process, from the paperwork to dealing with the finance company or broker on your behalf.
You get your outcome
If your claim is successful, you’ll receive compensation for the money you’ve overpaid – and because we work on a ‘no-win,no-fee’ basis, there’s no financial risk to you.
It really is that straightforward. No jargon, no hassle, just a clear path to getting back what you’re owed.
Mis Sold Car Finance Claims FAQs:
What is a mis sold car finance claim?
A mis-sold car finance claim involves seeking compensation for undisclosed or hidden commissions, inflated interest rates, lack of information on finance options, or inadequate affordability checks:
Who can make a mis-sold car finance claim?
Anyone who has been misled or overcharged in a car finance agreement may be eligible to claim car finance compensation.
What compensation can I expect from a mis-sold car finance claim?
Compensation may include a refund of overpaid interest, fees, and possibly the cancellation of the finance agreement.
How long do I have to make a mis-sold car finance claim?
Typically, you have six years from the date of the agreement however you can argue 3 years from point of knowledge. Generally speaking we will investigate any agreements which were active within the last 10 years.
What happens if my lender is no longer in business?
Don’t worry, you may still be able to claim. In most cases, responsibility is passed to bodies such as the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS). Our team will guide you through the process and make sure your claim is handled by the right organisation.
Common Issues in Car Finance:
Undisclosed or Hidden Commissions:
If the dealership did not inform you about the commission they would receive from the lender.
Inflated Interest Rates:
If you were charged a higher interest rate to increase the dealership’s commission.
Lack of Information on Finance Options:
If the salesperson did not adequately explain all available finance options, interest rates, and associated costs.
Affordability Checks:
If the dealership did not conduct proper affordability checks or pressured you into an unaffordable agreement.
Contact us today for an exploratory call
Many of the practices in car finance claims are also relevant to irresponsible lending.
Have you found yourself struggling to repay a loan, credit card, finance agreement, catalogue or even a doorstep loan?
Car finance companies you may be able to Claim against
Volkswagen Financial Services (VWFS)
Black Horse (Lloyds Banking Group)
Stellantis Financial Services
BMW Financial Services
Ford Credit
Toyota Financial Services
Moneyway (Secure Trust Bank)
Santander Consumer Finance
Barclays
NatWest
HSBC
Tesco Bank
Sainsbury’s Bank
Zopa
Car Finance Claims News & Updates
Stay informed with the latest news and updates on companies you may be eligible to claim against.
