To Put in a Claim for Car Finance Mis-selling

[Chatonette]

Those of us who follow Martin Lewis will be aware of the investigation into car dealerships not being transparent about how much of their agreed APR with a customer was commission. We purchased a car during that time. I don’t even know at this stage if 1) our lender participated in this commission practice, or 2) if they did, whether we’d be part of the anticipated 40% of qualifying buyers who are expected to receive a refund on that commissioned portion of the APR.

DH says we should go no further. His rationale is that we agreed to x% when we signed up to the finance. He says that we went in eyes wide open and knew the APR. That it makes no difference whether some of the APR went to commission—at the end of the day, we looked at the APR, agreed to it, and signed up for the finance. His rationale is—who’s expected to fund these reimbursements and why should they? This type of lending was perfectly legal at the time.

The car was mine, but the finance was in his name, so it’s not technically my financial reimbursement to pursue. I’m wondering if others feel the same as DH—that it’s morally wrong.

Do it! Why not
The dodgy fuckers. I've put my claim in. Your DH sounds ridiculous.

My DH had several cars this way during that time period - has claimed for all.

The point is the lenders should have been open if they were getting commission (not all did receive it) and alternative finance could have been been an option (with a possible lower APR).

Why not check, the point is about requieing transparency when being offered a deal?

We put in claims, but have heard that the dealers we used didn’t participate in the commission practice.

I bought a car on finance during this time frame. Can I ask, how do I go about making a claim?

I know this is on old thread but just wanted to ask who you put a claim in with? @Chatonette and @InterestedinEfteling

Didn’t. Was in DH’s name, and he said he thought it was unethical.

I agree with your dh it was rhe sane with PIP, we got asked if we wanted it realised it was a waste of money for us ( young, got sick pay etc, good public sector jobs ) so said no.

Why is your DP so concerned with protecting the profits of a giant, exploitative corporation which doesn’t care about the consumer in any way? He needs to get a grip!

You do it direct with the finance company only, don't use any dodgy claims companies. Find the info via Martin Lewis website.

He said that we knew the APR upfront and agreed to it, regardless of who actually got the money in the end. If he wasn’t happy with the APR, he wouldn’t have signed up. He agreed to the contract and signed it.