FAQs on PCP car finance claims
Have a question about car finance claims?
You’ll find everything you need to know here.
What is a PCP claim?
A PCP claim is a way to seek compensation for a mis-sold Personal Contract Purchase (PCP) for Hire Purchase (HP) agreement. If your dealer, broker or lender didn’t disclose key details, misled you about terms, or acted unfairly, you could claim compensation for your PCP car finance deal.
What is the criteria for making a PCP claim?
To be eligible for a PCP finance claim, you’ll need to show that your agreement was mis-sold. Common signs include:
- Misrepresentation of terms: You weren’t given clear information about costs, interest rates, or the details of your agreement.
- Undisclosed commissions: The dealer or broker received a hidden commission, which affected the deal you were offered.
- Lack of affordability checks: The finance provider didn’t properly assess whether you could afford the repayments.
How do I check if I can claim PCP?
You can easily find out if you’re eligible by doing a mis-sold PCP claim check via our tool. It’s quick, free, and identifies if your PCP car finance agreement was mis-sold. Start your PCP claim check today to see if you could claim compensation for unfair terms, undisclosed commissions, or other mis-selling practices.
How is PCP mis-sold?
Mis-selling of PCP car finance often happens when:
- Dealers set high interest rates to increase their commissions.
- Commissions tied to your agreement weren’t disclosed to you.
- The agreement wasn’t suitable for your financial situation.
These unfair practices have led to thousands of PCP claims in the UK, helping clients recover the compensation they deserve.
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* £5,492.10 is the figure disclosed to Bott & Co Solicitors by Black Horse.
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