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flag UK consumers may claim up to £700 in compensation for car finance deals from 2007–2024 due to unfair practices.

flag UK consumers who financed a car, van, motorbike, or campervan via PCP or HP between April 2007 and November 2024 may claim up to £700 in compensation due to potential unfair practices in finance agreements, including undisclosed commissions and market distortion. flag The Financial Conduct Authority (FCA) is overseeing a proposed £8 billion redress scheme, with payouts expected to cover most of the commission paid. flag Eligibility includes those who fully paid off, repossessed, or no longer own the vehicle. flag The Money Saving Expert offers a free tool to assess claims, though lenders may not contact all affected customers. flag The scheme excludes business and caravan finance.

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