The FCA found that only 1 out of 37 Franchised Retailers disclosed to the customer a commission may be received for arranging finance.*
The FCA found approximately 560,000 customers have paid out over £300 million more in car finance per year than was necessary.*
Personal contract purchase (PCP) and Hire Purchase (HP) are types of car finance agreements, that typically last for 2 – 4 years. Buyers pay a deposit, and the size of the loan is equal to the amount the car’s value will fall over the length of the contract.
Anyone who has taken out a PCP contract in the last 10 years may have a claim.
Yes, you can.
Any broker, dealer or car finance provider that sold you a PCP contract is covered. Some well-known ones include:
Even if your provider isn’t on the list, we will still complete a free check for you.
All we offer is a free check to gather the required documents and evidence from the finance providers you select. Once we have collected the required information, we work with a panel of expert law firms who specialise in this claim type who we can refer your case to. You are not required to use our partner firms and other solicitors may be able to help you. You can also seek independent advice from the financial Ombudsman if you wish to do so
An FCA investigation revealed that the average customer on a £10,000 PCP agreement over four years has been overcharged by more than £1,100.
Yes,we will perform a free, no obligation check on all of your contracts from the last 10 years.
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