Helping you discover if you've been mis-sold pcp car finance

You may have a claim for compensation

Car owners who purchased their car using this type of finance deal from a dealership are being warned they might have fallen victim to a new type of mis-selling scandal. This relates to car finance known as Personal Contract Plans (PCP) and thousands of people could be effected by this as it is one of the most popular ways to finance a new car.

The National Association of Commercial Finance Brokers (NACFB) says that the complex nature of PCPs is being exploited by dealers to convince drivers they are getting a better deal, or that the PCP deal on offer is a more economical alternative to traditional hire-purchase (HP) arrangements. A PCP is a bit like a personal loan that typically runs for between two and four years. But the size of the loan is equal to the expected amount of depreciation in the car over the length of the deal.

Reclaims4U Ltd is a Claims Management Company (CMC). You do not have to pay us anything, we will receive payment from our third-party law firms/solicitors for referring your case to them.

You can claim for free, without using a CMC, first directly to your finance provider or to the Financial Ombudsman Service/Financial Services Compensation Scheme.

Have you been mis-sold pcp car finance? Discover if you have a claim today by completing our no-obligation pcp claims eligibility check.