Thousands of UK drivers may now be eligible for compensation due to mis-sold PCP car finance agreements. Following the Financial Conduct Authority’s latest investigations, affected customers could reclaim thousands in interest and hidden commissions. Read on for the latest updates and how to start your claim today.
FCA’s Investigation into Mis-Sold Car Finance
The Financial Conduct Authority (FCA) has launched a comprehensive investigation into the car finance industry, focusing on the prevalence of undisclosed commissions in PCP agreements. The FCA estimates that as many as 60% of car finance agreements involved hidden commission arrangements, leading to consumers unknowingly paying higher interest rates.
Court Ruling Against Barclays
In a landmark decision, the Court of Appeal ruled against Barclays Bank over undisclosed commissions paid to brokers arranging car finance loans. The court found that Barclays failed to disclose these commissions to consumers, resulting in higher interest rates and unfair treatment. This ruling sets a significant precedent for future mis-selling claims in the car finance sector.
Potential Compensation for Affected Consumers
Consumers who entered into PCP agreements between April 2007 and January 2021 may be eligible for compensation if they were mis-sold their finance agreements. Mis-selling can occur if the salesperson failed to disclose commissions, did not explain all available finance options, or did not conduct proper affordability checks. Affected individuals are encouraged to review their agreements and seek legal advice to determine if they are entitled to compensation.
Mis-sold Vehicle Finance Claims Checker
Our mis-sold car finance claims calculator below estimates the level of compensation you may be able to reclaim for a mis-sold car finance agreement.
Add the value of your vehicle, the length of your agreement, and the interest rate you paid to the calculator below. Then, compare this against a rate that you may have been offered if you weren’t mis-sold.
Disclaimer : The Mis-sold Vehicle Finance Claims calculation is illustrative, and under no circumstances should it be used or relied upon in the pursuit of a claim. If you need more help and clear understanding Contact National Claims.
People Also Ask
1. Is it too late to make a PCP claim in the UK?
No, it’s not too late. In fact, with the FCA review currently active, now is the ideal time to start your claim. You usually have six years from the date you realised the finance was mis-sold.
2. What evidence do I need to claim PCP compensation?
Your finance agreement, payment records, or a contract copy will help. If you’ve lost documents, a solicitor may still be able to help retrieve them from the lender.
3. How long do PCP claims take?
Most claims take 6–12 months, depending on the lender’s response and the complexity of the case.
4. Can I claim for a car I no longer own?
Yes, you can. Even if you no longer own the vehicle or have repaid the finance, you may still be eligible if you were mis-sold at the time of agreement.
5. Can National Claims help with my PCP claim?
Yes. National Claims works with experienced UK solicitors who specialise in car finance claims, ensuring you receive expert support from start to finish.
How National Claims Can Assist
Navigating the complexities of mis-sold PCP claims can be challenging. National Claims can connect you with experienced solicitors who specialise in car finance mis-selling cases. Their expertise ensures that you receive the guidance and representation necessary to pursue your claim effectively.
Conclusion
The recent developments in the car finance sector underscore the importance of transparency and fairness in financial agreements. Consumers who believe they have been affected by mis-sold PCP agreements should seek professional advice to explore their options for compensation.
Contact National Claims today, and we will put you in touch with an expert solicitor who can guide you through the claims process.📞 Call us now free 0800 029 3849 or 📩 Submit an online enquiry to speak to our team. Your safety and well-being matter, and we’re here to help.

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