Millions of people have been mis sold PCP car finance deals and you could be one of them!
The Financial Conduct Authority (FCA) have said that commission was paid on 95% of UK Car finance agreements. If you weren’t told the exact amount of commission paid then you may have a claim.
Have You Had PCP and Are Not Earning/ Saving Enough to Cover Loan Repayments? We Want to Hear From You!
How Do I Know If I Was Mis-sold PCP?
Mis-selling is against the law and you are eligible to act against the supplying company or the finance provider to recover your losses. During any sale, you should not be pressurised by a salesperson or company in any way. Not every case of car finance being mis-sold is the same, but here at Mis Sold PCP we’re here to help. There are some quick and easy ways to help determine whether or not you may have been mis-sold to:
- A PCP car on a finance deal was not the best option; it would have worked out 40% cheaper if you had used a hire purchase agreement.
- the salesperson did not make it clear who would own the vehicle, whether it be yourself, the finance company, or the car dealership.
- You felt that you were pushed into making the wrong decision without complete understanding.
- The salesperson did not fully explain they would receive a commission on the sale of the car.
- You were mis sold your mileage estimation; the mileage was estimated at X,000’s per year when the dealer knew you exceeded this substantially.
- You did not receive alternative options from the dealership.
- You were rushed into the finance agreement and assured payments would be affordable.
- The salesperson skipped through the car finance agreement (t&c).
If you believe you experienced any one of the scenarios above during the sale, contact us at Mis Sold PCP or ‘start your claim’ today. Our team can help you establish whether you could have a claim for compensation.
