Brits who think they were mis-sold car finance between 2007 to 2024 may be owed compensation averaging £700 *.

The car finance scandal recently came to light which saw lenders paying undisclosed "secret" commissions to car dealerships. This meant that car dealers could determine the interest rates on finance deals; the higher the interest, the larger commission they earned. That left Brits signing up for finance agreements with higher interest rates than necessary.

An investigation from the Financial Conduct Authority (FCA) uncovered that 44 percent of car leasing agreements sold between April 2007 and November 2024 might have been mis-sold. They issued a statement explaining: "Motor finance companies broke laws and regulations in force at the time by failing to disclose important info

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