The Growing Scandal of Mis-Sold Car Finance in the UK
Thousands of UK drivers are now discovering they may have been mis-sold PCP finance agreements without realising it. Just like the PPI scandal, many car buyers were unknowingly charged hidden commissions and inflated interest rates, leaving them paying more than they should. If you took out a Personal Contract Purchase (PCP) or Hire Purchase (HP) finance deal, you could be entitled to a PCP finance refund worth thousands.
How Were PCP and HP Finance Agreements Mis-Sold?
Many UK car dealers and finance companies used undisclosed commission structures, meaning that sales representatives were incentivised to push finance deals that were more expensive than necessary. This resulted in higher interest rates for consumers who were unaware that a commission was being added to their loan costs.
• Hidden Commissions: Dealers often failed to disclose that they were receiving commission on the finance deal, which could lead to inflated costs for the buyer.
• Unfair Interest Rates: Some finance agreements were structured to benefit the lender and dealer, rather than being fair to the consumer.
• Lack of Transparency: Many car buyers were not properly informed of all fees, charges, and repayment terms, leaving them unaware of how much extra they were paying.
Are You Eligible for a PCP Finance Refund?
If you took out a PCP or HP finance deal within the last 10 years, you may have grounds for a car finance compensation claim. Here are some signs that you may have been mis-sold:
• You were not told about commission payments linked to your finance agreement.
• You were pressured into taking a PCP or HP finance deal without a full explanation of the terms.
• You were offered a higher interest rate than expected, despite having a good credit score.
• You weren’t given clear information on the total cost of your car finance agreement.
How Clear Cut Legal Can Help
At Clear Cut Legal, we specialise in PCP finance refund claims and are here to help UK drivers fight for the compensation they deserve. Our experienced PCP compensation solicitors handle every case with professionalism and expertise.
• No Win, No Fee – You Only Pay If You Win
• Expert Solicitors in Mis-Sold Car Finance Claims
• Simple & Hassle-Free Claim Process
Start Your Car Finance Refund Claim Today
If you believe you have been mis-sold car finance, don’t wait. You could be entitled to a PCP or HP finance refund worth thousands. Our team at Clear Cut Legal will review your case for free and guide you through the claims process.
Contact us today to check your eligibility!
Visit: clearcutlegal.co.uk
