Find out if you have been mis-sold your car finance deal now and if you are eligible to claim!
The salesperson didn’t properly explain the finance deal to you
It wasn’t made clear who is responsible financially for repairs to the vehicle
You weren’t presented with a range of options
The dealership didn’t outline who actually owns the vehicle
Check if you were Mis Sold Car Finance by completing our online form.
Our expert team will establish whether or not you have a claim.
Once we have established you have a claim we will submit your application to your lender.
Sit back, relax and leave us do the rest.
A PCP deal is basically a loan to help you get a car. But unlike a normal personal loan, you won’t be paying off the full value of the car and you won’t own it at the end of the deal (unless you choose to).
Under normal circumstances, once we send the complaint to the lender they have up to 8 weeks to issue their final response. In exceptional circumstances this can take a little longer but in most cases we usually get a final answer well within the 8 weeks – sometimes in as little as a week!
It’s fair to say that the UK has a passion for cars. A desire to own the latest model leads many people to take out car finance deals. These packages (particularly Personal Contract Plans, or PCPs for short) are usually designed to convince the driver that they’re getting a great deal – particularly when compared to hire-purchase packages. The problem is, on many occasions they were mis-sold to the people that agreed to them because their suitability wasn’t properly assessed, or the obligations and risks not properly explained.
Some examples of circumstances where you might have been mis-sold a car finance package: The salesperson didn’t properly explain the finance deal to you. You weren’t presented with a range of options. It wasn’t made clear who is responsible financially for repairs to the vehicle. The dealership didn’t outline who actually owns the vehicle (in some cases, this is a third-party hire purchase business, not the car dealership). The salesperson failed to outline the interest charges properly.
Although car finance mis-selling is a relatively new scandal, our team understand the marketplace well and are ready start the process for you today. Customer care is at the heart of what we do, and to date, we’ve successfully won over £100 million in compensation for clients that have been mis-sold a financial product. If you’ve taken out a car finance package pick up the phone today and talk to one of our team. After running through your situation, we’ll ascertain whether or not you’re in a position to make a claim.
You are under no obligation to use our service to make a claim for financial compensation with regards to your car finance agreement(s). You may make a claim yourself for free against the person you wish to complain about or you can present your claim for free to the Financial Ombudsman Service.
We do not ask for any upfront fees and unless your claim is successful there will be no charge. If your claim is successful our panel solicitors will deduct 40% + VAT from your awarded compensation.
Your solicitor will expressly discuss the proposed deduction from your compensation award and will confirm this in your written agreement.
For example and by way of illustration only:
Compensation recovered | Solicitor Fee 40% plus VAT – total 48% | You would receive |
£1000 | £480 | £520 |
£3000 | £1440 | £1560 |
£10000 | £4800 | £5200 |
Please note: If you cancel after 14 days and we have already submitted your claim, and an offer of compensation is subsequently made, our panel solicitor will charge their full fee as per their T&Cs.
If your claim is successful, then you’ll receive compensation and can spend it however you choose. You’ll need to pay your solicitor’s success fee which is an agreed percentage (40% + VAT) between you and your solicitor. The panel solicitor will expressly discuss this with you, agree it and confirm it in a written agreement (Conditional Fee Agreement) at the start of your case so you know what you will have to pay.
To ensure your claim is completely risk free your solicitor will ensure ATE (after the event) insurance is put in place which is designed to cover legal fees, including opposition legal costs should your claim for any reason be unsuccessful. The ATE also covers other costs and expenses paid out on your behalf including expert reports, barristers’ fees and court fees. ATE provides an extra layer of protection against costs and includes those instances where it is necessary to abandon your case part way through where the chances of winning your claim become far lower than first thought.
The cost of ATE insurance policy only becomes due if your claim is successful, the fee for which is included within the solicitors agreed fee at the start of your case.
www.carclaimsdirect.co.uk is a website and trading name operated by Proaxis Legal Ltd, a Claims Management Company authorised and regulated by the Financial Conduct Authority, reference number 833988. Proaxis Legal Ltd is a private limited company, registered in England and Wales under Company number 4494454. VAT number 800564657, registered address is Portal Business Centre, Bridgewater House, North Road, Ellesmere Port, Cheshire, CH65 1AF. Proaxis Legal Ltd does not charge customers for their service and in return for passing customer details to a Solicitor Proaxis Legal Ltd receive a fee for their marketing services. If successful in any claim for compensation and by way of deduction the solicitor will charge a percentage of any compensation awarded that will have been discussed and agreed before starting your case. There are no hidden or up-front costs and if any claim is unsuccessful no charge will be made.
Full terms and conditions are outlined and copies are available on request from the following address:
Proaxis Legal Limited
Portal Business Centres
Bridgewater House
North Road
Ellesmere Port
CH65 1AF
© CAR CLAIMS DIRECT 2021