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How can I determine if I've been sold car finance improperly?

We often refer to it as a PCP claim. If you financed your car, there's a chance it wasn't all above board—maybe a sneaky commission was slipped in there. The Financial Conduct Authority dug into this and found that mis-selling was a widespread issue across all kinds of car finance. Here's the scoop in simpler terms: Some car sellers earned commissions from lenders based on the interest rates they charged you. Since these sellers could set the interest rate, they had a reason to push pricier credit, not exactly looking out for your best interests.

Want to know if you got the short end of the stick? Well, it's like this: If you bought a car on finance, especially a PCP deal, there's a chance you've got a claim. The easiest way to figure it out? Let us take a peek at your finance agreement and see if there's any 'secret' commission going on. But before that, ask yourself a few questions:

  1. Did you really get what the finance deal was all about?
  2. Did they tell you about other finance options you could have gone for?
  3. Did the car dealer or finance broker spill the beans on their commission?

If these questions leave you scratching your head, chances are you didn't get the best advice, and you might have been mis-sold. The Financial Conduct Authority's undercover operation confirmed it—salespeople often laser-focused on one product, leaving customers in the dark about alternatives. When it came to new cars, PCP took the spotlight, even if you had dreams of owning the vehicle outright. And surprise, surprise—the dealers and brokers rarely spilled the beans on the commission they were raking in. Sneaky, right?


Do I need to pay anything upfront?

Nope! We operate on a no-win, no-fee basis. If we don't win, you don't pay. Feeling uncertain? Reach out for free expert advice. As seasoned solicitors in mis-sold car finance, we're here to help you navigate the claims process hassle-free.

Wondering how to kickstart a claim for mis-sold car finance?

If you're in England or Wales, simply complete our quick secret commission claim questionnaire above. No stress if you don't have all the details at your fingertips—just fill in what you can. Let's get the process rolling!

How Can You Protect Yourself?

Understanding your rights is crucial. If you suspect you've been a victim of mis-sold car finance or PCP, you may be entitled to a claim. Get in touch with us at Pearson Locke solicitors, and let's explore your options together.

Don't let hidden commissions drive up your costs. Take control of your car finance journey with the right information and the right team by your side.