You Could Claim Compensation for Mis-Sold Vehicle Finance.
- No-Win No-Fee
- Easy Application
Barings Law is currently representing thousands of clients in mis-sold motor finance cases.
Discover if you've been misled in your vehicle finance agreement.
- You were not provided with any information about alternative options that might have been better suited to you
- You felt pressured into accepting a PCP (Personal Contract Purchase) agreement
- Details regarding the commission from your agreement remained undisclosed
- The loan amount exceeded the necessary sum without a clear rationale
- The estimated mileage limit provided to you was unrealistic and insufficient
- It was not explained that you would not automatically own the car outright after the term
- The dealer/broker failed to conduct affordability checks or discuss more affordable options tailored to your situation
- The dealer/broker did not adequately explain the agreement with you, including the terms and condition, such as who is financially responsible for repairs.
Your Path to Expert Legal Consultation.
Submit Your Claim
Case review
Our team will contact you to complete an assessment for eligibility.
Launch Claim
If eligible, we’ll start a no-win no-fee claim to recover your money from the responsible party.
Maximise Success
We work diligently to negotiate on your behalf, striving to achieve the most favourable resolution possible.
Frequently Asked Questions.
Which brokers and dealerships can I claim against?
Any broker, dealer or car finance provider that sold you a PCP (Personal Contract Purchase) or HP (Hire Purchase) agreement is covered.
In light of the FCA investigation, we have also opened up the criteria for motor finance compensation claims. If you had a PCP (Personal Contract Purchase) or HP (Hire Purchase) agreement between April 2007 – January 2021*, you are now eligible to submit a claim with Barings Law.
*If your lender is Moneybarn, Oodle, or Advantage, you are not eligible to make a complaint about discretionary commission arrangements. Instead, you may be eligible to make a complaint about the affordability of your finance agreement. To be eligible for this type of complaint your finance agreement must have been entered into between February 2018–2024.
My agreement has finished – can I still claim?
My agreement is still ongoing – can I still claim?
Can I claim for more than one PCP/HP contract?
Yes, you can claim for any PCP or HP agreements you have had between April 2007 – January 2021.
How much compensation will I receive for my mis-sold motor vehicle finance claim?
The compensation amount will vary on a case-by-case basis.
The amount customers have been overcharged will fluctuate, with the total depending on the cost of the vehicle, the interest rate applied, and the duration of the contract.
How much will it cost?
How is compensation awarded?
There are various ways that compensation can be awarded. These include:
- Cash compensation payments made directly to Barings
- Balance write-offs of the amount, or part of the amount, you owe to the defendant
If the defendant pays a lump sum directly to Barings, we will deduct our success fees and transfer you the remaining balance.
If the defendant offers you a balance write-off, and you don’t receive the damages directly, we will seek payment of our success fee directly from you. This will equal our success fee percentage of the amount which the defendant has agreed to write-off.
We appreciate that clients may not be able to pay all of our fees in one go. Therefore, we encourage our clients to contact us to discuss how they will pay our fees on a payment plan.
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Discover if you've been misled in your vehicle finance agreement.
Explore our full insights library.
Read the latest update on the FCA car finance investigation here and find out what it means for those who have a mis-sold motor vehicle finance claim.
Have you been mis-sold motor finance and want to start a compensation claim but aren’t sure what it involves or what to expect? Read our motor finance claims guide for all the answers.
As the FCA continues to investigate the motor finance industry, we explore what mis-sold car finance is and how you could be owed compensation.
