Mis-Sold Car Finance Calculator UK | PCP & HP Refund Estimate
Use this Mis-Sold Car Finance Calculator to check whether your PCP or HP agreement may have included hidden commission and to estimate possible redress.
Breakdown (Typical Scenario)
*This tool provides estimates for illustrative purposes only. It does not constitute legal or financial advice. Actual redress amounts depend on the specific commission model used by your lender.
Understanding Hidden Commissions
Between 2007 and 2021, many car finance lenders allowed brokers and car dealers to adjust the interest rates offered to customers. The higher the interest rate (APR) you agreed to, the more commission the dealer received. This created a conflict of interest that cost UK consumers millions in overpaid interest.
The Financial Conduct Authority (FCA) banned this practice in January 2021 and is now investigating widely to determine a formal redress scheme. Use our calculator above to see if your agreement fits the criteria for a claim.