PCP Car Finance Claims
Blue Lion Law supports clients in assessing potential mis-selling of PCP and HP car finance, particularly where discretionary commission was not disclosed.
Find Your AgreementsWhat is Mis-sold Car Finance?
PCP (Personal Contract Purchase) and HP (Hire Purchase) car finance agreements may have been mis-sold if you were not told about commission arrangements between the dealer and lender.
Under Discretionary Commission Arrangements (DCAs), dealers could increase the interest rate on your finance to earn more commission – without telling you. The FCA banned DCAs in January 2021 and is now investigating affected consumers.
The FCA has estimated that average compensation could be around £830 per agreement, though individual amounts vary based on circumstances.
FCA Motor Finance Review
The Financial Conduct Authority (FCA) has been investigating motor finance practices and has confirmed that consumers affected by DCAs may be entitled to compensation.
£7.5bn Potential Redress
The FCA estimates the total cost of redress to lenders could be £7.5 billion for affected car finance agreements.
DCAs Banned in 2021
The FCA banned Discretionary Commission Arrangements in January 2021. Agreements from April 2007 to October 2024 may be affected.
Consumer Redress Scheme
The FCA has introduced a consumer redress scheme to ensure affected consumers can seek compensation efficiently.
Find Your Agreements
Answer a few questions to help us understand your situation. This is not a guarantee of a claim – eligibility depends on individual circumstances.
Did you take out PCP or HP car finance?
Why Choose Blue Lion Law?
SRA Regulated
Authorised and regulated by the Solicitors Regulation Authority
Legal Expertise
Professional legal assessment of your individual circumstances
No Win, No Fee
We operate on a no win, no fee basis for eligible claims
Case by Case
Every case is assessed on its own merits
Frequently Asked Questions
Find answers to common questions about car finance claims. Cannot find what you are looking for? Get in touch with our team.
Still have questions?
Use our AI assistant above to get an instant answer