MILLIONS of UK drivers have unknowingly overpaid on their car finance agreements.
If you think you are one of them, then you could be eligible for compensation.
2
Mis-sold car finance checker
Anyone who purchased a new or used car, motorbike, or other vehicle after April 2007 could potentially be eligible to make a claim.
Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements have been widely used by UK consumers to purchase new and used cars.
However, many of these agreements were mis-sold, leaving customers paying more than necessary. It’s rumored that there are billions owed to millions.
In many cases, financial institutions failed to disclose commission arrangements, leading to unfairness and unnecessarily high interest rates.
But now consumers can begin claiming back what they are owed using Get Your Refund – a no win, no fee service that provides a comprehensive claim check.
The service isn’t limited to just new or used cars, it’s also relevant for anyone who purchased a van, motorbike, motorhome or caravan using the same means.
Those who took out multiple finance agreements could be owed the most because they could be in line for multiple refunds.
The Financial Conduct Authority (FCA) estimated that hidden PCP and HP finance commissions could have added over £1,100 in interest on a typical £10,000 agreement.
2
Mis-sold car finance checker
So, if you’ve financed a vehicle after April 2007, you may be affected – and your finance could’ve cost you more than it should have.
Finding out if you’re eligible for compensation using the quick and easy online claim checker is the essential first step.
The FCA plans to outline the next steps in May 2025, which could potentially result in millions of drivers across the UK getting thousands of pounds back in their pockets.
See if you’re eligible for compensation and start your claim with Get Your Refund.
How to check if you are eligible for a refund
Mis-sold car finance is a widespread issue affecting millions of vehicle owners.
More consumers are stepping forward to claim compensation, with an estimated £30 billion to be repaid in refunds.
Get Your Refund offers a no-obligation claim check.
If you decide to proceed with your claim, it’s processed on a no-win, no-fee basis. Allow them to pursue your potential claim to its conclusion, and there’s no charge if your claim is unsuccessful.
While you don’t need to use a legal representative and can complain directly to your lender and refer your complaint to the Financial Ombudsman Service for free, Get Your Refund is a fully regulated law firm, so you can have peace of mind that your claim is being handled properly.
The maximum deduction from any awarded compensation is just 25% plus VAT.
