Car finance agreements, particularly Personal Contract Purchase (PCP) deals, have become a popular way to own a vehicle. However, many borrowers are unaware of hidden fees and unfair charges that could be costing them more than expected. If you've taken out a PCP finance agreement, it's essential to understand your rights and check if you've been mis-sold your car finance deal.
What Are Hidden Fees in PCP Car Finance?
Many lenders include additional costs in PCP agreements that aren’t always fully disclosed at the time of signing. These can include:
✅ Inflated Interest Rates – Some dealerships may have increased interest rates for higher commissions without informing the customer.
✅ Excess Mileage Charges – Hidden penalties for exceeding mileage limits, often much higher than expected.
✅ Early Termination Fees – Unexpected costs for ending a PCP agreement before the full term.
✅ Balloon Payment Adjustments – Overestimated final payments, making it harder for borrowers to buy the car.
✅ Undisclosed Commissions – Many lenders paid brokers or dealerships undisclosed commissions, leading to biased finance agreements.
Many lenders include additional costs in PCP agreements that aren't always fully disclosed at the time of signing. These can include:
Inflated Interest Rates – Some dealerships may have increased interest rates for higher commissions without informing the customer.
Excess Mileage Charges – Hidden penalties for exceeding mileage limits, often much higher than expected.
Early Termination Fees – Unexpected costs for ending a PCP agreement before the full term.
Balloon Payment Adjustments – Overestimated final payments, making it harder for borrowers to buy the car.
Undisclosed Commissions – Many lenders paid brokers or dealerships undisclosed commissions, leading to biased finance agreements.
Were You Mis-Sold PCP Car Finance?
You may have grounds for a PCP claim if:
✔️ The lender failed to explain key financial terms clearly.
✔️ You were not informed about commission payments made to the dealership.
✔️ You faced unexpected charges when returning or keeping the car.
✔️ The finance deal was presented as the “best option” without fair comparisons.
How to Claim Back Unfair PCP Charges
If you suspect you were mis-sold a PCP finance agreement, you could be entitled to compensation. At PCP Refund Claim, we specialise in helping customers claim back what they’re owed.
Step 1: Submit a free claim assessment on our website. Step 2: Our legal team will review your case. Step 3: If eligible, we’ll handle the claim process for you – No Win, No Fee!
Start Your PCP Claim Today
Hidden fees in car finance agreements are more common than you think. If you’ve been affected, don’t wait—check if you’re eligible for a refund today!
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