Free eligibility check
Free eligibility check
Millions of UK drivers were charged hidden commissions on PCP car finance deals between 2007 and 2024 — without their knowledge or consent. The FCA has ruled this was widespread mis-selling.
Most people who took out car finance had no idea their dealer was being paid a hidden commission by the lender — often set at a rate that increased the higher your interest rate was.
PCP deals allow you to spread the cost of a car over a fixed term, with a large optional "balloon payment" at the end. They were offered by almost every major car dealership between 2007 and 2024.
Under a practice called "discretionary commission arrangements," dealers could set your interest rate within a range — and earn a larger commission the higher they set it. The FCA ruled in 2024 that this was widespread mis-selling.
The Financial Conduct Authority is investigating the scale of the mis-selling and has indicated a mass redress scheme may follow. Lenders including Lloyds, Close Brothers, and Santander have already set aside billions in provisions.
The amount depends on your specific deal, lender, and interest rate. Early estimates suggest average redress of £829 per eligible agreement, with some significantly higher depending on the length and size of the agreement.
Our partner handles everything — you just need to answer a few questions.
Answer a few questions about your car finance agreement. Takes around 2 minutes.
Reclaim Advisory Group (Affiliate Marketer of Mis-sold Expert), a trading style of M. R. Consumer Services Limited will review your details and confirm whether you may have a viable claim.
If you proceed with a claim, the provider may handle it directly or refer it to a panel solicitor. Fees apply only to successful claims.
The FCA requires us to be clear: you do not have to use a claims management company to pursue this complaint.
It takes around 2 minutes and costs you nothing. No paperwork, no upfront fees — just a simple free check.
Check My Eligibility — Free →Reclaim Advisory Group (Affiliate Marketer of Mis-sold Expert) a trading style of M. R. Consumer Services Limited, are a Claims Management Company authorised and regulated by the Financial Conduct Authority (FRN: 838452). A company registered in England & Wales, Company No: 07102609. We may handle your claim directly or refer it to our panel of solicitors. If referred, we may receive a commission, this does not affect the amount you receive.
You can claim without using a CMC, to your finance provider and then to FOS, for free.
*Free check refers to the soft-credit check to identify your vehicle finance agreements.
**The FCA currently estimates that most individuals will potentially receive an average of £829 in compensation per agreement. We find on average 2 car finance agreements per client, giving a potential claim value of £1658. See: fca.org.uk/news/statements/fca-confirms-motor-finance-redress-scheme
***If you cancel outside the cooling off period cancellation charges may apply at a rate of £80+VAT, per hour. We charge a fee between 18-36% (including VAT) for a successful claim.