Frequently asked questions.
We assist clients in claiming compensation for the non-disclosure of commissions received by the Dealership from the Finance Provider. Both the Dealership and Finance Provider were obligated to be transparent and inform you of the commissions being paid. This is known as a ‘Section 140’ claim.
We assist clients claim compensation for the mis-sale of finance. This is usually if you were not provided different finance options to find the right fit for you. This can also be if you encountered unexpected charges at the end of the finance, or if you fell into payment difficulties as the finance was unaffordable.
This is dependent on the amount of money borrowed, the interest rate charged, the commission model employed, and the repayment period. It will, however, most likely be hundreds or thousands of pounds. Once we complete our free check, we will be in a better position to advise on a rough compensation value.
You can make a claim for any/all finance agreements you had which were active after April 2008 – the combined values of these can also significantly influence the amount of compensation you could receive.
We are able to look at all vehicles you have purchased on finance that was active since 2008. This usually works by grouping vehicles financed with the same Finance Provider to make one larger claim.
There are certain aspects that could mean a particular finance agreement may not be eligible to be part of the claim though we will only know if this is the case once we conduct our free check and present our findings.
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Why Can I Claim
If you purchased a car from a Dealership, it is likely that they put you in touch with a finance company to provide the actual loan on the vehicle. We assist in checking if you are due compensation if the Dealership did not disclose that they were receiving a commission for arranging your finance agreement with the finance provider.
This is known as a ‘Section 140’ claim. Both the Dealership and Finance Provider were obligated to be transparent and inform you of the commissions being paid – and if it was actually you who was paying this commission by the way they applied the interest rate.