HP Car Finance Claims
Were you mis-sold Hire Purchase car finance? Hidden commission may mean you're owed significant compensation. Find out in minutes with our eligibility check.
Find Your AgreementsUnderstanding HP Finance Mis-selling
Hire Purchase (HP) is one of the most common ways to finance a car in the UK. Like PCP agreements, many HP contracts included hidden commission arrangements where dealers received payments from lenders without telling you.
The FCA has found that these undisclosed commission payments often led to higher interest rates and inflated costs for consumers. If you took out HP finance between 2007 and today, you may be entitled to claim compensation.
Blue Lion Claims can find all your HP agreements going back to 2007 — even if you've moved, changed your name, or have no paperwork. All we need is your name, date of birth, and current address.
Signs of HP Mis-selling
- You weren't told about dealer commission
- The interest rate seemed higher than expected
- You felt pressured into the finance option
- Alternative finance options weren't discussed
- The total cost wasn't clearly explained
HP Claims: Common Questions
What is HP (Hire Purchase) finance?
Hire Purchase is a type of car finance where you pay a deposit followed by fixed monthly payments. Unlike PCP, you're paying off the full value of the car, and you automatically own it once all payments are made.
How could I have been mis-sold HP finance?
If you weren't told about commission the dealer received from the lender, if the finance wasn't suitable for your circumstances, or if important terms weren't properly explained, your HP agreement may have been mis-sold.
What compensation could I receive?
The FCA estimates average compensation of around £830 per agreement, though this varies based on factors including the commission paid, the loan amount, and the interest rate charged.
Can I claim if I've finished paying?
Yes, you can claim for HP agreements that have been fully paid off. We can find agreements going back to 2007, even if you no longer have any paperwork.
Start Your HP Claim
Enter your details below and we'll find all your HP agreements going back to 2007.
Did you take out HP (Hire Purchase) car finance?
HP Finance FAQs
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