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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.
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Total News Sources11
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
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