Car finance redress
PCP Car Finance Claims: Are You Owed Money?
Independent and free. We're not a claims firm — here's how PCP fits the scandal.
Redress estimate
Any figures here are an estimate, not a promise, and nothing on this page is financial or legal advice. You can claim free yourself — you don't need a claims firm.
PCP claims are about hidden or discretionary commission on Personal Contract Purchase deals taken out between 2007–2024. PCP was one of the most common ways to finance a car in that period, so many PCP agreements may be affected.
Any figure you see is an estimate, not a promise — nobody is guaranteed a payout, and the amount depends on your own agreement. Check your position with the compensation estimator, and read the scandal explained.
Can you claim on a PCP agreement?
Yes — PCP agreements are covered by the same redress as other car finance, if they carried undisclosed or discretionary commission. Both PCP and HP deals fall within the FCA scheme.
The finance type doesn't decide it; the commission and disclosure do. What matters is whether your rate was raised to earn the broker more, and whether that was explained.
Why PCP deals are often affected
PCP was hugely popular between 2007–2024, and many deals were arranged by commission-paid dealers and brokers. That's exactly the setup where a discretionary commission arrangement could apply.
A PCP keeps the monthly low by financing the car's depreciation, but the interest rate still drove the broker's commission. If the rate was flexed up, you may have overpaid.
Were you affected? A checklist
Check the date, the route and the disclosure. The more boxes you tick, the more it's worth complaining.
- Your PCP started between 2007–2024.
- It was arranged through a dealer or broker paid commission.
- Your interest rate could have been raised to earn more commission (a DCA).
- The commission was not clearly disclosed to you.
How much and how to claim free
The scheme returns overpaid interest plus interest on top, so amounts vary by deal — and claiming is free. Complain to your lender, then the ombudsman if needed.
Estimate with the compensation estimator, then follow how to claim. Claiming is free and you can do it yourself: complain to your lender first, then escalate to the Financial Ombudsman Service. You do not need a claims-management company taking a cut.
Frequently asked
Can I claim compensation on a PCP?
Why are PCP deals often affected?
How much could a PCP claim be worth?
How do I claim on a PCP?
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