If you’ve financed a car through a Personal Contract Purchase (PCP) deal, you might be owed money due to mis-sold car finance. Money-saving expert Martin Lewis has highlighted the mis-sold PCP scandal, which could see millions of UK drivers reclaiming thousands. This blog explains the Martin Lewis mis-sold car finance issue in simple terms, helping you check if you’re eligible and how to claim.
We’ll also show how National Claims can connect you with experienced solicitors to handle your Martin Lewis car finance mis-sold claim.
What’s the Mis-Sold PCP Scandal?
First, let’s break it down. The Financial Conduct Authority (FCA) started investigating mis-sold car finance in January 2024. The issue? Hidden commissions, known as Discretionary Commission Arrangements (DCAs), allowed dealers to raise interest rates on PCP or Hire Purchase (HP) deals without telling you, just to earn more money. Martin Lewis has called this “the new PPI”, with the FCA estimating 40% of deals from 2007 to 2021 could be affected.
Moreover, a Court of Appeal ruling in October 2024 expanded the scope, stating all hidden commissions on car loans were unlawful. This means more people can claim for Martin Lewis mis-sold PCP issues.
Are You Eligible for a Mis-Sold Car Finance Claim?
So, who qualifies for a Martin Lewis car finance mis-sold claim? You might be eligible if:
- You had a PCP or HP deal for a car, van, motorbike, or campervan.
- The agreement started between April 2007 and 28 January 2021.
- The vehicle was for personal use, not business.
Even if you no longer own the car or have paid off the loan, you can still claim. To confirm, check your finance agreement for interest rates or commission details. If they’re unclear, you might have a mis-sold PCP case.
How Much Compensation Can You Claim?
Next, let’s talk payouts. For Martin Lewis mis-sold car finance claims involving DCAs, the average compensation could be £1,100 per person. However, some estimates suggest up to £1,400 or more, depending on your loan size and overpaid interest. For example, if a hidden commission raised your interest rate from 5% to 7%, you could have overpaid significantly.
The FCA is still finalising the payout process, but experts predict £30 billion in total compensation across the UK. National Claims can help estimate your Martin Lewis mis-sold PCP payout by connecting you with solicitors who’ll assess your case.
Steps to Claim for Mis-Sold PCP
Ready to act on your Martin Lewis car finance mis-sold claim? Here’s what to do:
- Check Eligibility: Confirm your PCP or HP deal was between 2007 and 2021.
- Gather Documents: Find your finance agreement or request it from your lender.
- Get Help: National Claims will put you in touch with experienced solicitors to manage your claim.
Alternatively, the FCA might launch a redress scheme, where lenders automatically pay affected customers. This depends on a Supreme Court ruling expected later in 2025, so don’t wait.
Mis-sold Car 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 Car 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.
What’s the Latest on Mis-Sold Car Finance?
As of April 2025, the Supreme Court is reviewing the October 2024 ruling on hidden commissions, starting 1 April 2025. If upheld, it’ll boost Martin Lewis mis-sold PCP claims. The FCA’s investigation into DCAs continues, with a decision expected by mid-2025.
How National Claims Can Help with Your Claim
Feeling overwhelmed? National Claims makes it easy. They’ll connect you with experienced solicitors who specialise in Martin Lewis car finance mis-sold claims. These experts will handle your case, from paperwork to payout, ensuring you get what you’re owed. Contact National Claims today to start your mis-sold PCP claim.
Frequently Asked Questions on Mis-Sold PCP Claims
Q1. What is a PCP deal?
A PCP (Personal Contract Purchase) lets you pay monthly for a car, then choose to keep, return, or part-exchange it at the end.
Q2. How do I know if I have a mis-sold car finance case?
If your lender hid commissions or raised your interest rate without explaining, you might have a Martin Lewis mis-sold car finance claim.
Q3. Do I need to pay to claim?
No, you can use free tools from MoneySavingExpert. Avoid pricey claims firms – or use National Claims for expert help without losing a cut.
Q4. What’s the deadline for a mis-sold PCP claim?
Lenders must respond by 4 December 2025, but act sooner to avoid delays.
Q5. Can I claim if my car is paid off?
Yes, if your deal was between 2007 and 2021, you can still claim for Martin Lewis mis-sold PCP.
Final Thoughts
The mis-sold car finance scandal, highlighted by Martin Lewis, is a chance for millions to reclaim money. Whether it’s £1,100 or more, you could be owed compensation for a mis-sold PCP deal. Check your eligibility, gather your documents, and take action. If you need support, National Claims will put you in touch with experienced solicitors to guide you through your Martin Lewis car finance mis-sold claim. Don’t wait – your payout could be just a few steps away!
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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