Could Your PCP Agreement Be Mis-Sold? You May Be Owed Compensation
Thousands of drivers have discovered that their PCP car finance included hidden commissions or unfair terms. If you took out a PCP agreement between 2007 and 2021, you could be eligible to claim back £1,000s.
What is a PCP Claim?
A Personal Contract Purchase (PCP) is a popular car finance option, but many drivers weren’t told the full story when they signed the agreement. In many cases, car dealers or brokers received commissions from lenders, which was often linked to the interest rate you were charged.
If you weren’t told about this commission or if your interest rate was higher because of it, your agreement may have been mis-sold. In 2021, the FCA banned this type of commission model, and now drivers can seek compensation.
A PCP claim allows you to recover the extra costs you paid due to unfair or undisclosed terms in your agreement.
No paperwork needed
Just provide simple details online — no documents are required to get started
Takes 60 seconds to check
Our quick online form lets you check your eligibility in under a minute
No win, no fee
You won’t pay a penny unless your claim is successful — no hidden charges
Experienced team
Your case is in expert hands, guided by specialists who understand car finance claims
Who Can Claim?
You may be eligible to make a PCP claim if:
- You financed a vehicle using a PCP agreement between 2007 and 2021
- You were not informed about the commission paid to the dealer or broker
- You suspect the interest rate was higher than it should’ve been
- You felt pressured into an agreement or didn’t fully understand the terms
- Your agreement has already ended — or the vehicle has been sold
Even if you no longer have the car or paperwork, you could still be entitled to claim.
Drivers are claiming up to £10,000 for mis-sold pcp — find out if you’re eligible.
Understanding Hidden Costs in PCP Agreements
Personal Contract Purchase (PCP) has become one of the most popular ways to finance a car in the UK. With lower monthly payments and flexibility at the end of the term — either handing back the vehicle or paying a final “balloon payment” to buy it — PCP sounded like the perfect solution for many drivers.
But beneath the surface, many customers were unknowingly subjected to hidden commission structures and inflated interest rates, making their finance agreements significantly more expensive.
Dealerships and brokers often received secret commissions from lenders, which were directly linked to the interest rates they charged customers. In other words, the more you paid in interest, the more commission they earned — and most customers were never told this was happening.
According to a Financial Conduct Authority (FCA) report, undisclosed commissions led drivers to overpay by as much as £1,100 per £10,000 borrowed on typical PCP agreements.
Understanding Hidden Costs in PCP Agreements
Personal Contract Purchase (PCP) has become one of the most popular ways to finance a car in the UK. With lower monthly payments and flexibility at the end of the term — either handing back the vehicle or paying a final “balloon payment” to buy it — PCP sounded like the perfect solution for many drivers.
But beneath the surface, many customers were unknowingly subjected to hidden commission structures and inflated interest rates, making their finance agreements significantly more expensive.
Dealerships and brokers often received secret commissions from lenders, which were directly linked to the interest rates they charged customers. In other words, the more you paid in interest, the more commission they earned — and most customers were never told this was happening.
According to a Financial Conduct Authority (FCA) report, undisclosed commissions led drivers to overpay by as much as £1,100 per £10,000 borrowed on typical PCP agreements.
Common Signs Your PCP Was Mis-Sold
- You were not told about any commission arrangements
You were offered higher interest rates without explanation
You felt pressured into accepting the dealership’s finance package
You were not given clear information about other finance options
You’re paying more than expected compared to advertised deals
Even if your PCP agreement has now ended — or you’ve sold or returned the vehicle — you may still have a right to claim.
Frequently Asked Questions
What is a mis-sold PCP agreement?
It’s when you were not clearly informed about key terms — especially commission arrangements — that affected your interest rate or the total cost of your loan.
How much could I get back?
Some successful PCP claimants receive £1,000 in compensation, depending on how much they have overpaid.
How do I know if I’m eligible?
If you used PCP finance between 2007 and 2021 and weren’t told about any commission, you may qualify. Use our quick checker to find out.
Do I still need the car or paperwork?
No, you can still claim it even if the agreement is over and you no longer have the car.
Is this a no-win, no-fee service?
Yes. You’ll only pay if your claim is successful — no upfront or hidden fees exist.
How do I submit my PCP claim?
Simply fill out our online form. It takes less than a minute, and we’ll guide you through the rest. No paperwork, no hassle.