4 out of 10 car finance agreements were mis-sold
For years, certain car retailers received a commission from lenders that was linked to the interest rate customers were charged. Some dealerships also set the interest rate, which gave them an incentive to sell more expensive credit – going directly against their customers’ best interests.
The FCA has investigated car finance and estimates that a staggering 4 out of 10 finance agreements were mis-sold between 2011 and 2020. They are also looking into car finance deals as far back as 2007, so even more car buyers could be affected.
Ask yourself these questions
When buying your new car, did you:
Totally understand the finance deal being offered to you?
Have other finance options explained to you?
Know exactly how much commission the car dealer/finance broker was receiving?
Why use Car Finance Claims?
A Hallbrook company… experts in finance claims
Car Finance Claims is part of Hallbrook – a trusted provider of expert financial claims support to clients all over the UK. Over the past 13 years, our full representation service has helped people like you receive over £60 million in compensation for mis-sold investments… be it in pensions, shares, CFDs or bonds.
Thanks to our industry insights, we saw the mis-sold car finance scandal coming, so we’ve already been working on this issue for a number of years. By using Car Finance Claims, you’ll feel the benefit of…
Industry know-how and expertise
Car finance details tracking
A fully-automated online system
Your time back
Established list of affected vendors
Regular updates
A worry-free start-to-finish process
A team behind you that cares
How much does it cost?
Nothing to pay upfront
We operate a conditional fee agreement, which means you only pay us when your claim is successfully completed.
Please see our full Terms for cancellation fees following the 14-day cooling-off period.
Successful claims
When your claim has been successfully completed, we’ll charge a fee between 18% and 36% inc VAT based on the amount of compensation awarded.
Our fees also benefit from a Fee Cap, which means you could pay less. For more information see our full Terms.
