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Start your claim for free now
Bought a car with PCP Finance?
You could be entitled to thousands in compensation.
Simply complete our quick and free assessment to find out if you can claim.
- Quick, Easy and Free Process
- Claim for PCP or HP Finance Purchases
- Earn up to £6,000 Compensation
By submitting this form you consent to our processing your data in accordance with our Privacy Notice and you agree to be contacted by one of our panel of regulated claims management companies to confirm your details and provide a full assessment of your claim.
Why can I make a PCP Claim?
Personal Contract Purchase (PCP) is a personal loan taken out for a vehicle, however, you don't pay the full value of the vehicle. You will also not own the car at the end of the deal unless you pay a large fee when it comes to the end of the loan period.
In 2020 the FCA banned salesman commission for finance deals when it was uncovered that there was a conflict of interest between the broker and the buyer.
A car broker and finance company are supposed to be separate, however, it was found that commission was being earned on PCP deals, meaning they'd push higher interest deals, resulting in better earnings for themselves, but a worse situation for the buyer.
The FCA estimates this overspend costs the British consumers a total of £300m a year.
Who can make a claim?
You can find out if you're eligible by completing our form by hitting the Get Your Free Quote button above.
It's likely you can make a claim if:
- You purchased your car via a finance/PCP agreement
- The car salesman did not state they'd receive commission for the finance agreement
- The lender/bank did not explain the commission
So if you think you're entitled to compensation, complete our quick and free assessment by clicking the button below.