What is a Car Finance Agreement?
A car finance agreement is a popular and convenient way of financing a car, it’s a way to buy a car over three or five years. Most agreements require a lump payment at the end of the agreement for you to own the car outright. Most people don’t go on to buy the car.
Some people were pressured into signing agreements without being told the key facts. Others were “locked” into an unsuitable agreement, paid thousands of pounds in “hidden” commission, or weren’t aware of the large final payment (often called a “balloon payment”) in order to own the vehicle. In many cases inadequate or no affordability checks were carried out.
Does this apply to me?
You could be due compensation if any of the following applies:
- You signed a car finance contract between 2007 & 2024
- You paid hidden or undisclosed commission
- There were high-pressure sales tactics
- There was a lack of proper affordability checks
- The price was inflated so the dealer received a larger commission
If you are not sure, or you have a suspicion that any of these apply to you, don’t delay. We can check all of this for you and if you have a claim we can process this for you on a no-win no-fee basis.
You could be entitled to an average payment of £4,400*
Check now to see if your vehicle finance is eligible for a refund. The check is free!
* https://www.fca.org.uk/publication/multi-firm-reviews/our-work-on-motor-finance-final-findings.pdf
Why you should not delay
The right to reclaim money owed to you may have a time limit set in law. Even with no time limit attached, the sooner you start your reclaim process, the sooner you will receive a refund or the compensation owed to you.
We offer a free eligibility checker for UK residents where we carefully check and potentially reclaim for you. If you ask us to reclaim money for you, this is on a no-win no-fee basis.
No upfront payments are necessary and our legal costs are met as part of the claim.