Claim back £0000's
in mis-sold PCP or HP
It's FREE and confidential
No win, no fee*
Quick! Find out if you're eligible in minutes
Stress free claim process
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Conclusive Financial Ltd is a claims management company regulated by Financial Conduct Authority and is paid a recommendation fee from its Solicitors. Whilst we do not charge you a fee, the solicitor we recommend will charge you a fee of 30% (inclusive of VAT) off your compensation.
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We'll win the compensation you're owed
You may be due compensation via Car Finance Claim
Speak to us for a free, no obligation assessment. If you're eligible our experienced team will compile your case in such a manner to maximise any compensation due.
The solicitor we recommend will charge you a fee of 30% (inclusive of VAT) off your compensation. The solicitor may charge a termination fee if you cancel your agreement with them after the cancellation period.
No Win No Fee
Hassle free
Relax! Our expert team will refer you to our Solicitor who will handle all correspondance to secure your compensation.
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Any information you share with us is confidential and will not be shared with 3rd parties.
We're knowledgeable
Our experts have handled hundreds of claims, you can trust us to manage your case successfully.
PCP Experts
Our highly trained admin team have helped our clients recover thousands in PCP or HP claims.
You could claim back mis-sold PCP or HP
How it works
Millions of car owners have been mis-sold or misled about unfair sales commission or unfair interest rates on their car loans. New legislation means you could claim some of that money back!
Check if you're eligible. You can find out in minutes if you're owed any compensation, it's FREE and confidential.
1
Our legal team will build your claim and submit it on your behalf.
2
Secure your compensation. Where your claim is successful you could receive compensation! *
3
Get a 5 star service with us
Who can claim?
If this sounds like you,
you could be eligible!
"No one told me about sales commissions"
"They mentioned sales comissions, but not how much"
" I paid a high interest rate on my PCP finance"
" I bought my car between 2009 to 2021"
Still not sure if you're eligible? Don't worry, contact us and you can find out if minutes if you have a claim!
We handle
PCP Finance Claims
Personal Contract Purchase (PCP) agreements are the most commonly sold financial products to acquire a car. With an initial deposit payment, ongoing monthly payments and a final ‘balloon’ payment they make the acquisition of a vehicle feasible for the vast majority of consumers.
If any of this rings a bell then you have more than likely signed a PCP agreement. If it was between 2009 to 2021 then you’re most likely eligible to make a claim.
We handle
Hire Purchase
Claims
Hire Purchase (HP) agreements entail paying a fixed monthly amount to acquire a vehicle, and unlike PCP agreements, they don’t have a balloon payment at the end of the finance term. These agreements are most commonly sold to business customers, but it is still possible to have secured this type of loan personally.
If this sounds familiar, it's possible you may have signed an HP agreement, and if you did so between 2009 to 2021, you’re probably eligible to make a claim.
Why you should trust us with your claim
Here are some of the reasons why we're the best in the business.
Win with an experienced team
When you work with us, you can be sure that we’ll do everything to our knowledge and experience to win your claim. Simply provide us with information about your PCP or HP agreements and we'll submit a legal claim for compensation directly to your provider.
It's your money
Our dedication to our clients results in successful PCP and HP claims. Join us and a growing number of claimants to increase your chance of winning your PCP or HP claim.
It's your right
You have fundamental consumer rights which means that any financial product must be explained to you with transparency and integrity. PCP or HP has been mis-sold with high sales commissions built in that are paid by you. You can reclaim these hidden fees via a successful PCP or HP claim.
FAQs
Have I Been Mis-Sold on My Car Finance Agreement?
Motorists may have been poorly advised, therefore have been overcharged when buying a car on finance. If you purchased a vehicle, such as a car, van or motorbike, on PCP or HP finance before January 2021, you may have been mis-sold.
Dealers not disclosing their commission fees is another reason why motorists have been mis-sold. You may be able to claim if they didn’t tell you a commission agreement was in place or if they did but not how much money they would receive.
The FCA estimates that 95% of deals include a commission model and that 40% are believed to be discretionary commission arrangements. This practice, banned in 2021, allowed brokers or dealers to offer customers an inflated interest rate, which they would take as part of their commission.
Buying a motor vehicle is a significant and costly decision, and firms must now reveal the existence of a commission arrangement.
One of the most significant ways motorists have been mis-sold is by paying a higher interest rate than they should have.
As with most loans, car finance agreements come with interest fees that you must pay throughout the contract period. However, consumers were offered deals with higher interest rates because of hidden commission arrangements.
This meant consumers paid more interest and should have been told that there were other cheaper options available.
According to the FCA, the average consumer may have paid £1,100 more interest than necessary.
FCA guidelines advise that the dealer or broker must check that you can afford the loan before you sign the car finance agreement.
You may be able to claim if the company that arranged the finance failed to conduct an adequate affordability check before financing the vehicle.
You may have struggled to make monthly payments or got into debt by prioritising your car payments over other outgoings. If you had a PCP deal, the last payment at the end of your contract may have been more than expected because the dealer didn’t explain it adequately.
If you couldn't afford the deal when taking it out, the lack of affordability checks may mean you were mis-sold.
Dealers have a duty to ensure consumers are treated fairly and receive the products and services that suit their needs.
Part of this responsibility includes providing motorists with accurate and up-to-date information and advising them of any possible conflicts of interest. If they have a commercial relationship with a lender, such as a commission arrangement, they must disclose this to the consumer.
Many dealers did not disclose their commercial interests with lenders. Companies now have to tell you if they have a relationship with a lender and tell the customer how much, if any, commission they will receive from a lender.
