Bought a car on finance before 28 January 2021? You could be owed a refund
The Financial Conduct Authority (FCA) has found that hidden car finance commissions have potentially cost customers £1,100 or more in additional interest charges. If you have taken out PCP or HP car finance, you may be owed a refund.
You could be owed a refund if:
- You financed a new or used car using a PCP / HP agreement before 28 January 2021
- You were charged more than 3.9% APR
Check if you're owed a refund for unfair car finance
You’d be forgiven for thinking car dealers made their money on a car’s sale price alone.
However, the FCA has uncovered hidden payments made by finance companies to some car dealers for selling their finance deals. And what’s worse, some dealers could earn more money by increasing your interest rate!
If you’ve had a car on PCP or HP, the dealer might have treated you unfairly and could have received an ‘undisclosed commission’ or ‘discretionary commission’ from the finance company.
We’ll discover the facts and fight to put things right for you.
Three ways PCP sales were unfair
Sold to people who couldn't afford it
Dealers didn’t do thorough affordability checks and sold finance deals to people who couldn’t afford the repayments.
Dealers increased the rate to boost their commission
'Secret' commissions paid to dealers
Why choose Get Your Refund?
Our team of claim specialists and legal partners have been fighting for the rights of consumers for over a decade. We have an extensive track record in financial mis-selling claims such as PPI, undisclosed commission (‘Plevin’) claims and mis-sold Packaged Bank Account claims.
We believe that it pays to have an experienced team assisting with your claim. However, you do not need to use a legal representative; you can complain directly to your lender and refer your complaint to the Financial Ombudsman Service for free.
Mis-sold car finance claim specialists
No win, no fee
Fully regulated law firm
We are authorised and regulated by the Solicitors Regulation Authority.
You can be assured that your claim is in safe hands.