Have you bought a new or used car within the last ten years? If so, then there is a good chance that your finance agreement was mis-sold. In this case, you may be entitled to submit a PCP claim and receive compensation. Contact our legal team today.
Car Finance Claims
A Financial Conduct Authority investigation has recently found that many people across the UK have been mis-sold car finance. If you were given poor financial advice when purchasing a new or second-hand vehicle, or if you weren’t made aware of the commission gained through this agreement, you may be eligible to make a car finance claim.
At Next Gen Solicitors, we help our clients figure out whether they have valid grounds to make PCP claims and if so are able to support them every step of the way.
Unaware of Car Finance Commission
Car finance providers often incentivise brokers and car dealers in order to secure high-interest rate deals. This helps them to generate a higher commission. While this is perfectly legal, things go wrong when a broker or car dealer fails to inform the customer of the small print and possible commission being made.
In many cases, if the customer was made aware that such a significant amount of money was involved in an agreement, they might not have agreed to the deal in the first place. Many brokers and car dealers are breaking the law by failing to make all the terms and conditions of a car finance agreement clear or providing misleading information to a customer to secure a generous commission.
If you believe you have been mis-sold car finance, please don’t hesitate to get in touch with our legal team today. We are able to provide you with legal help, support and advice regarding PCP claims.
Get In Touch