Make Your Own Claim: Generate your mis-sold car finance claim

What is Hidden Commission in Car Finance?

When financing the purchase of a car brokers and dealerships often inflated the interest rate to maximise the commission they would get paid by the lenders. The higher the interest rate the higher the commission that the broker or dealership received.

What type of Car Finance Agreements are eligible for a claim?

There are generally 2 types of car finance agreements: Personal Contract Purchase (PCP) and Hire Purchase (HP). Both of these types of car finance agreements had hidden commissions applied to them therefore consumers who took out PCP or HP car finance should be making a claim.

I have more than one car finance agreement. Can I make multiple claims?

Yes you can and should. Our Claim Creator Tool will assist you to make multiple claims against all the lenders you dealt with.

How Long does it take to Process a Claim?

This is very difficult to say as each lender has their own processes. That said the FCA are currently putting in place processes that the lenders will have to follow and this should include guidance on timescales. We have seen claims being dealt with in 8 weeks and others taking longer. The most important thing is to log your claim now and get to the front of the queue.

What can I expect to be paid back?

On average we are seeing amounts of £1500 per car finance agreement. Most people have more than one car finance agreement so the total payout is usually much higher.