Have you been overcharged for car finance? If you entered into a Personal Car Purchase (PCP) or Hire Purchase (HP) agreement between April 2007 and November 2024, you could be owed thousands. At Locksley Law, we use the latest 2026 FCA rules to handle your mis sold PCP claim with expert precision and help you claim back what's yours.
We handle missold PCP cases all over the UK, from simple single-vehicle claims to complicated, multi-agreement legal battles. Every step we take at Locksley Law is to get you the biggest refund possible while also protecting your rights against big lenders. Our goal is to make sure you were not overcharged by hidden fees or unfair interest rates that were hidden in your contract. And, if you were, we’ll try and get it back. We focus on the technical details of your contract so that your mis-sold car finance claim isn't just another ignored complaint in a system.
Mis-selling PCP involves a variety of unfair practices that fall under the Financial Services and Markets Act 2000 and the latest FCA 2026 redress scheme. Some investigations into mis sold PCP finance begin quietly by requesting commission data and credit agreements from lenders. Others start when consumers notice their interest rates were significantly higher than expected. Whether it involves hidden commissions, inflated Annual Percentage Rates (APR), or a failure to disclose key loan terms, the risk to the consumer remains high.
The severity of PCP missold often depends on the level of nondisclosure: secret commission structures, abuse of the broker's position, or failing to offer the best available rate to the customer. These PCP mis-selling claims can vary in value, but the principle of seeking justice stays the same. At Locksley Law, we dig into the specifics of your PCP mis-sold claim to find exactly where the broker went wrong, ensuring you receive the full compensation you deserve.
For years, many car finance deals were set up in ways that just weren't transparent for the driver. While commission between banks and dealerships has always been standard, customers often weren't told how these payouts directly increased their monthly costs.
Your broker used a Discretionary Commission Arrangement (DCA), which incentivised them to hike your interest rate without ever explaining this clearly to you.
Lenders allowed dealers to choose the interest rate, meaning you likely paid a much higher APR than necessary just to increase their payout.
The dealer failed to disclose the existence or the amount of commission they received, preventing you from making a truly informed financial decision.
Many mis-sold PCP agreements included misleading information about balloon payments or mileage limits that didn't align with your actual driving needs
A missold PCP claim usually stems from a lack of transparency during the sales process. Many lenders used Discretionary Commission Arrangements to hike interest rates without your knowledge. We pull apart the original credit agreements, commission structures, and dealer correspondence to find exactly where you were overcharged. It is often surprising how much extra profit was built into these deals at your expense.
Lenders never like to admit they prioritised their own profits over your best interests. We handle everything from identifying the presence of a DCA to calculating the total refund you are owed. These cases are often far more personal than clients expect because they involve trust being broken by car dealers. We get involved early to ensure your PCP mis sold case is handled with the precision it deserves.
Many PCP agreements were issued quickly, often with hurried paperwork that skipped over key financial disclosures. While some might think their deal was fair, a fine-tooth comb often reveals hidden commission structures. We analyse your payment history, APR, and the guidance available at the time of purchase. Many cases are not just simple errors; they are clear examples of mis selling PCP through undisclosed financial incentives.
Winning PCP misselling claims requires a deep understanding of the burden of proof under FCA regulations. We show where there are hidden commissions, so you don't have to guess if you were overcharged. We also help clients gather the records they need, challenge lender evidence, and fight against unfair settlement offers. These cases have specific 2026 redress rules and move quickly, so it's important to get legal help early on to make sure you win.
Hidden commission is a serious issue in the automotive industry, and it's important to spot it before lenders blur the lines. The problem is that many brokers have traditionally treated these mark-ups as standard practice. We examine the intent of the broker, the disclosure of fees, and the real-life impact on your monthly payments. When it comes to mis-sold PCP finance, clarity on what you were actually paying for is everything.
Unfair commission arrangements can drain your personal finances for years. These hidden charges often apply throughout the entire duration of your PCP agreement, leading to thousands of pounds in overpayments. We work to recover these assets, challenge the lender's valuations of your claim, and stop them from avoiding their responsibilities. A poorly handled claim can cause unnecessary delays; we push back hard against the banks to get you paid.
It isn't always easy to spot if you’ve been caught up in the mis-sold PCP scandal. Lenders often rely on complex agreements to hide their tracks, but there are clear signs that you were treated unfairly. You might have grounds for a PCP mis sold claim if you experienced any of the following:
Many dealers received a secret "thank you" payment from the lender for arranging your finance. You should have been clearly told about this commission and how it artificially bumped up your interest rate. If this wasn't disclosed, your missold PCP finance deal was likely not sold transparently.
If your APR was much higher than you expected, you might have been caught up in a Discretionary Commission Arrangement (DCA). Dealers were often given a nudge to hike up rates just to bag themselves a bigger bonus, leaving you stuck with monthly payments that were far more expensive than they should have been.
Lenders have a responsibility to make sure the credit they’re handing out actually fits your financial situation. If they didn't bother to check your finances properly before signing you up for a high-cost mis-sold PCP deal, they could be held responsible for the stress it’s caused you.
Did you feel rushed, cornered, or pressured into signing your finance papers on the spot? If the dealer didn’t give you the time or the breathing room to actually read through the contract, it’s a massive red flag for mis-selling PCP.
Being transparent isn't just a nice gesture; it’s a legal requirement. If the dealer was a bit vague about that final "balloon payment," your mileage limits, or the total interest you’d be paying, they didn’t give you the facts you needed to make a proper, informed decision.
If you took out car finance between 6 April 2007 and 1 November 2024, there’s a good chance you were caught out. Get in touch with Locksley Law today to see if you have a valid mis-sold PCP claim. It’s quick and easy, all we need to know is your lender to get the ball rolling!
It's mostly about transparency. If the dealer didn't mention their commission or bumped up your interest rate to earn more themselves, that's mis-selling.
Definitely. If you've had a few cars on PCP or HP over the years, you can put in a claim for every single one of them.
Not at all. Asking for a refund on a mis-sold product is your legal right and it doesn’t show up on your credit file.
Yes. If we don’t get you any compensation, we don't charge you a fee. It is as simple and transparent as that.
Don't worry about it. We can usually track down your old agreements just by contacting the lenders you used, even if you’ve forgotten them.
Just get in touch with Locksley Law. We’ll review your case and guide you through the next steps clearly and simply.