Mis-Sold Car Finance

Were you misled into a car finance agreement?

You could be owed £1,000s in compensation.

Millions of UK drivers were mis-sold car finance agreements by dealerships and finance companies between 2007 and 2020. If you bought a car using PCP (Personal Contract Purchase) or HP (Hire Purchase), you may have been overcharged without even knowing.

The Financial Conduct Authority (FCA) has found widespread unfair practices in the car finance market and is reviewing how compensation should be handled. Act now before deadlines are introduced.

You Could Have a Claim If:

You took out car finance (PCP or HP) between 2007 and 2020
You weren’t told about the dealer’s commission
Your interest rate seemed higher than expected
You weren’t offered a clear comparison of finance options
The agreement wasn’t properly explained to you

What Could You Get Back?

If your claim is successful, you could be entitled to:

A refund of overpaid interest
Compensation for being misled
Removal of any negative impact on your credit history

Check if you’re eligible – it only takes 30 seconds

Check Eligibility

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*Our Solicitors work on a no win no fee basis (subject to exclusions). For full details, please contact us at: Admin@oopssolutions.co.uk

PCP/HP Finance

Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements are the most commonly sold financial products to acquire a car.

With an initial deposit payment, ongoing monthly payments and a final ‘balloon’ payment they make the acquisition of a vehicle feasible for the vast majority of consumers.

If any of this sounds familiar then you have more than likely signed a PCP or HP agreement and if you did so within the last 10 years then you’re most likely eligible for compensation.

Hidden Commissions

Many lenders, intermediaries and dealers have been paid commissions to sign customers up to PCP/HP agreements when they might not have been either affordable or advisable for the customer.

This fee was then added onto the overall cost of the loan and paid by the customer without their knowledge. This practise is highly unethical and has subsequently been banned.

Inadequate Checks

On a widespread basis customers were offered car finance that on face value they should have been declined for on account of having inadequate credit ratings.

This oversight has led to expensive products being sold to people that arguably can’t afford them causing further and unnecessary financial hardship on a massive scale, leading to car finance claims.

Regulated finance providers have a duty of care that they’ve broken.

Inflated Interest

Not only have lenders failed to explain the commissions they received from selling to you they have been actively incentivised to sell you unnecessarily high interest rate loans and have been rewarded for doing so.

Consumer law states you should be provided with all of the information you need to make an informed decision, and this has not been the case for millions of customers.