US EditionPublished • loading... • Updated
Why UK drivers are questioning if they were mis-sold car finance
Many UK drivers review old car finance deals amid transparency concerns, with personal contract purchase agreements central to mis-selling questions, industry experts say.
- Several years ago, UK drivers began reassessing past car finance deals as awareness grew about how Personal Contract Purchase agreements were sold by car dealers and lenders.
- Amid rising scrutiny, commission arrangements between lenders and dealers raise questions about links to interest rates, while affordability and suitability checks on income and commitments face increased doubt.
- Consumers are reviewing old paperwork and seeking support from reputable claims management firms and advisers, while platforms like swoppa enable comparison and switching amid repeated PCP renewals.
- This shift could lead to more compensation claims and greater scrutiny as consumers undertaking financial resets explore alternatives, while industry actors note not every deal was unfair.
- Many drivers are revisiting agreements taken out several years ago, especially those signed before commission transparency received wider attention, while responsible lending standards link these reviews to wider accountability.
Insights by Ground AI
11 Articles
11 Articles
Coverage Details
Total News Sources11
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
Factuality
To view factuality data please Upgrade to Premium
