Mis-Sold PCP/HP Car Finance Claims

Reclaim mis-sold PCP car finance by checking your eligibility.

Bought a car since 2007 using PCP or HP finance?
You may be one of many overcharged on car finance.
Find out today how much compensation you could claim.
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Mis-Sold Car Finance & PCP Claims

You may be a victim of a mis-sold finance agreement if the salesperson failed to:

Give you all the information about the agreement
Mislead you, provide poor advice
Did not make you aware of any commissions/interests being chased as part of no agreement. As a result of failing to describe  information. It is impossible for buyers to make an informed decision about whether the contract represented value for  money and whether it was a sensible contract to enter into.

Our Promise to You

Thorough Investigation: We’ll meticulously review all your paperwork to identify eligible agreements.
Claim Back Your Money: Our team will guide you through the process of reclaiming the interest and fees you paid.
Transparent Process: No hidden surprises—we’ll keep you informed every step of the way.

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Act Today

Don’t let hidden commissions go unnoticed. Check your eligibility now and take the first step toward  reclaiming what you deserve.

Expert Advice for Your Car Finance Claim

Our team at Invicta Legal specialises in car claims, and we’re working hard to make sure that consumers who have been unfairly impacted by this get the compensation they are owed. We describe your entitlement  to receiving compensation worth £ 1,000 thanks to our exceptional legal competence in this field. Calculate  how much you might be able to claim by using our free reclaim tool.

100% No Win, No Fee: We believe in your case, and our commitment is unwavering.
No Obligation Review of Your Case: Let us assess your situation without any pressure.
No Win, No Fee Success: The maximum success fee charged by the legal panel is 3948% plus VAT.
Panel of Finance Claim Specialists: Our experts are dedicated to securing your rightful compensation. Easy Claim Process: We’ll guide you through every step, making the process hassle-free.

The FCA’s Ground-Breaking Findings

95% of UK car finance PCP and HP agreements had commission paid on them, according to the Financial  Conduct Authority (FCA). Shockingly, many customers taking out these finance agreements were not  informed about this commission, which means they are entitled to compensation.

Your Right to Informed Decision-Making

When you purchase a vehicle via a car finance deal, both your lender and the broker are obliged to inform you of all the details involved.
You deserve to make an informed decision that aligns with your needs, and no salesperson should act solely in their own interest.
You might be entitled to compensation in the thousands if you were not told about any commissions.

Who Is Eligible to Claim?

If you took out a car finance agreement between 2007 and January 2021, and the hidden commission was paid, you may be eligible. Claim what’s rightfully yours—start your journey with Invicta Legal today!

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Note: Under a no win no fee agreement, UK solicitors receive a success fee of up to 25% of a claimants compensation

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Why You Might Be a Victim

Hidden Commission:

Many customers were unaware of commission payments.
If the salesperson received a fee or commission without  informing you, it’s a hidden, secret, or undisclosed commission.
The finance provider or bank must inform you of ALL fees within the  transaction.

Lack of Proper Affordability Checks:

Some customers enter loan agreements unsuited to their financial  situation.
They remain trapped by the PCP or HP deal, unable to make payments  throughout the entire term of the agreement.

The Invicta Legal Process

Process Eligibility Check for PCP Claims: Contact us on 0161 532 3201 to find  eligible car finance agreements in your name.
Provide Some ID: If agreements are found, provide us with an ID.
Build Your Case: Our specialist solicitors assess documents
Gain Compensation: Once we pass you to our legal team, they’ll  manage your case and help you claim your deserved compensation.

High-Pressure Sales Tactics:

Were you pressured into a finance agreement that didn’t feel  right?
Salespeople should allow time for assessment and alternative  options.

Inflated Prices and Overcharges in Interest:

Some cases reveal that customers are overcharged by over  £1,100 in interest.
Dealerships inflate prices to secure a higher commission payout.

Emissions Scandal Claims:

If you were misled about car emissions, you may be entitled to  compensation.

How Much Can I Claim for Car Finance Compensation?

According to recent information, there may have been a £1,100 over-payment for some clients as a result of  possible hidden commissions. The precise amount of compensation varies depending on things like:

The Loan’s Amount: The potential compensation increases with the size of the debt.
When You Applied: Your possible compensation increased with the length of time you had been repaying  the loan.
Interest Rate Difference: The interest rate as well as the discrepancy between the rate that was quoted and  the one that you ought to have received.
Our team of skilled lawyers is prepared to evaluate your eligibility and estimate the amount of   compensation you could be entitled to for your vehicle finance claim. Put your trust in us to handle the   procedure and get you the best possible pay.

How Do I File A Mis-Sold Vehicle Finance Claim?

What’s the Difference Between PCP and Hire Purchase Car Finance?

PCP car finance, estimated to be used for 80% of new cars, offers a cost-effective way to drive a new vehicle. Unlike hire purchases, PCP bases the loan on expected depreciation, making it more economical. The key difference lies in the ‘balloon’ payment at the end, an interest-only component.  This structure can lead to higher overall costs, with potential overpayments of up to £1,600 for a £10,000 loan over four years. Concerns include the need for dealers to clarify these details upfront and the potential misrepresentation of ‘profit’ or ‘equity’ at the end of the loan period.

Which Lenders May I File A PCP Finance Mis-Sold Claim Opposing?

We have filed claims against numerous lenders, including:

The Black Horse
The Lloyds Banking Group
The Santander
The Close Brothers
The Barclays Finance
Others

Should you have taken out a loan from any of the mentioned lenders, you may be eligible for reimbursement. Get in touch if you think another provider may have handled your money improperly; you might still be qualified. Together, let’s investigate your choices!

How Far In the Past Can I File A PCP Claim?

Financial Ombudsman Service regulations (DISP 2.8.2) provide that you may file a complaint within a maximum of 6 years of the beginning of your agreement or within 3 years of your date of knowledge that you can pursue a claim. You may still file a claim if your agreement is more than 6 years old, and you only recently discovered, within the previous 3 years, that you have the right to file a complaint.

Can I Reclaim My PCP If the Finance Agreement Is Still Ongoing?

Absolutely, yes. If the financing agreement has previously been paid off or is still in effect, you can still make a claim. As long as you have made payment for any agreement within the last 6 years, we can check it for you.

Can I Make a Claim If I Used Financing to Buy a Used Car?

Yes, you may also file a claim for financing that was misrepresented for used motorcars. As long as you signed a financing contract to buy your car and we can demonstrate that you were misled, you are entitled to a claim.

If I File a Claim for Mis-Sold Car Financing, Will Lenders Put Me on a Blacklist?

Lenders are not allowed to put you on a blacklist or treat you worse because you filed a complaint.

Can I Make a Mis-Sold Car Finance Claim with a Lease Agreement or Personal Contract Hire?

Relating to “discretionary commission arrangements” is the recent scandal of mis-sold. For leases or personal contract hire (PCH), these commission arrangements were not utilised. You may have a valid claim under separate statutes, albeit this is unlikely. We can provide you with further information about this from our knowledgeable lawyers.

Can I Make a Claim for a Car That I Also Drive for Work?

No, while commuting does qualify as personal usage, you can only make claims for vehicles used primarily for personal purposes.

Is It Possible to File a Mis-Sold Car Finance Claim for Multiple Vehicles?

Yes, you have the right to file a claim for each agreement you signed in cases where you believe you were misled.

Can I Make a Mis-sold Car Finance Claim if the Lender is Out of Business?

You are no longer able to pursue a claim against the lender if they have failed. But, you may still be able to claim the dealer or broker who set up the financing on your behalf. For further information on this, our knowledgeable solicitors would be happy to help.

Can I Still Claim if I Can't Find My Car Finance Agreements Paperwork?

Yes, you may still file a claim. Nearly every client that comes to us has never had any documentation before. Simply enter your information in our mis-sold car financing claim checker, and we’ll locate all of your contracts.

Can I Still Claim if I Don't Know My Car Finance Lender?

Yes, you may still make a claim. Our free mis-sold vehicle loan claims checker will examine your credit history to find any active car finance contracts from the previous 6 years.

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