Shockingly car owners are discovering they’re paying off their car salesman’s hidden commission every month.
Not only that, but many people didn’t know there are 2 additional and often ‘cheaper’ finance options they could’ve been applicable for. And to make matters worse, they didn’t understand they don’t actually own their car!
PCP stands for Personal Contract Purchase, it is a type of car financing that allows you to drive a brand new car without paying all the cash upfront. Instead, you pay monthly installments over an agreed period (usually 2-4 years), and at the end of the term, you may choose to pay the ‘balloon payment’ if you want to keep the car.
No, you can continue with your current agreement with your car. However, if we discover that you currently were mis sold, or in the past you were mis sold, then we’ll be able to help you claim back money that is rightfully yours.
Yes, if you’ve ever purchased a PCP agreement we’ll be able to check your paperwork to see if you were wrongfully mis sold.
We can do all the hard work for you. Once we’ve gathered the information, our team of pcp mis-sold car finance specialists will get to work straight away and contact those involved – banks, dealerships, insurers &more – to clear up your claim as quickly as possible!
Every pcp mis-sold car finance claim will be analysed by a pcp car finance specialist. If you think you have been mis-sold, please complete our pcp mis-sold car finance claim form and we can get to work straightaway!
The Financial Services Compensation Scheme (FSCS) is a government-backed body that protects consumers from mis-sold pcp car finance. They need to be notified of any pcp mis-sold claims within 3 years of the date when you first realise you have a pcp complaint, so it’s important to act quickly!
The FSCS will pay back a maximum of £35,000 and buyers can claim a settlement up to that value. However, every pcp mis-sold car finance claim settlement is different depending on your individual circumstances.
If you think you may be entitled to compensation for mis-sold car finance, fill out this form and we will help you get back what is rightfully yours!
If you are able to locate any paperwork from when you made the purchase then this will certainly help accelerate our assessment process. If you do not have any documentation, don’t worry, we can request it from both the Dealership and/or the finance provider.