The dark side of car finance: find out if you can claim

Ever signed up to a car finance agreement that didn’t quite feel right? Maybe the fees weren’t made fully transparent at the start, or they seemed higher than you expected later down the line?

If so, Locksley Law can help you find out if it really was an unfair deal, and whether you’re entitled to compensation – even if you don’t have the original paperwork or sold the car years ago. Plus, if you successfully claim on two agreements (which is the average for Locksley Law clients), you could receive up to £1,400**.

Check your eligibility

Why are drivers being offered compensation?

Last year, the Financial Conduct Authority (FCA) identified that millions of UK drivers may have unknowingly paid inflated interest rates on Personal Contract Purchase (PCP), Hire Purchase (HP) and other motor finance agreements.

After reviewing data from 32 million agreements, they found many firms failed to disclose important information. For instance, some brokers used now-banned discretionary commission arrangements (DCAs) to increase customer interest rates and boost their own commission, without informing customers.

Now, the FCA may be launching an industry-wide redress scheme for those who were treated unfairly between 2007 and 2024 due to DCAs or other practices. Following a Supreme Court ruling in August 2025, it’s estimated most successful claimants will receive an average of £700* in compensation per agreement.

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How Locksley Law can help

If you feel you’ve been misled, pressured or charged hidden fees in relation to your car finance, Locksley Law offers a managed, no-win-no-fee service to help you identify the relevant agreements and handle the claims process. This means you pay nothing unless your claim is successful.

For successful claims, a fee of 15-30% (excluding VAT) and certain costs may apply and be deducted from your compensation. After signing an agreement with Locksley Law, you have a 14-day cooling off period to cancel without paying any fees. However, if you cancel after that, fees for work done may apply. Full terms will be explained before you proceed.

Find out if Locksley Law can help you make a car finance claim

Check your eligibility

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^{*Average payout figure: https://www.fca.org.uk/news/press-releases/14m-unfair-motor-loans-compensation-proposed-scheme}

^{**Searches carried out by Locksley Law in respect of each client indicate an average of two agreements per client. The total sum of £1,400 has been calculated based on the FCA’s published average figure of £700* per agreement.}

^{Locksley Law is a trading style of RH Law Ltd, authorised by the SRA (No. 659355). You do not need to use a law firm; you can complain directly to your lender or to the Financial Ombudsman Service (FOS) for free or you can complain via the FCA proposed redress scheme. Solicitor fees (if used) are up to 15%-30%, excluding VAT of any successful claim. Lenders have until 31 May 2026 to respond to eligible complaints.}