Have you bought a car on PCP?

Personal Contract Purchase (PCP) stands as a prevalent method for financing car purchases.

In essence, a PCP agreement functions as a loan structure enabling you to distribute the expenses of your car acquisition. Typically spanning 2 to 3 years, a PCP agreement differs from a hire purchase agreement in that you don’t settle the entire vehicle value. Moreover, ownership of the vehicle doesn’t transfer to you at the agreement’s conclusion unless you opt to make a balloon payment to settle the outstanding balance. Often, PCP customers transition into a new PCP agreement, securing a fresh vehicle. This arrangement holds allure for both drivers and car dealerships.

While the concept of PCP may seem straightforward, it ranks among the most intricate financial products for purchasing a car. Hence, it’s imperative to thoroughly comprehend the terms and conditions before entering such an agreement. However, even diligent scrutiny may not shield you from potential mis-selling

Car finance mis-selling has been prevalent, particularly in cases where sellers acted as both dealers and brokers. By raising interest rates, they created a conflict of interest, as higher charges translated to increased profits, often without clear disclosure. This deceptive practice has affected individuals seeking car financing, particularly those entering into PCP (Personal Contract Purchase) agreements.

No, pursuing a claim for mis-sold financial agreements won’t impact your credit score or your ability to obtain financing in the future. It’s your legal right to rectify any mis-selling regarding financial agreements. This process does not have any bearing on your creditworthiness or eligibility for future financing.

1. Fill out the claim form—it’s quick and easy and provides us with all the necessary information to initiate the claim process.
2. Provide your signature: Finally, we’ll require your signature. This enables our legal team to commence your claim on your behalf.
3. Let us handle the rest: Sit back and relax as we take care of everything. We’ll keep you informed throughout the process and notify you once the claim is successfully processed. Expect updates via email.

We operate on a “no win, no fee” basis, meaning there are no upfront costs involved. This approach proves highly effective for claims as we handle all the necessary groundwork on your behalf. If, unfortunately, your claim isn’t successful, you won’t incur any charges whatsoever.

Royal Business Park, 5300 Lakeside, Cheshire, Cheadle SK8 3GP