Do you feel like you have been wronged by Hyundai Finance when it comes to the car finance they have provided for your vehicle? If so, then you may be entitled to file a mis-sold car finance claim against them. It is important to know your rights and what steps must be taken to ensure that the process of filing a claim runs as smoothly and successfully as possible. 

Who Are Hyundai Finance?

Hyundai Finance is a leading financial services provider that specialises in automotive financing. The company was established in 2012 as a subsidiary of Hyundai Motor Company, with Santander Consumer (UK) as one of its major shareholders.

They have over 160 retailers and are authorised and regulated by the Financial Conduct Authority. Hyundai Finance offers various financial services including personal and business loans, leasing and hire purchase agreements, insurance, and other related products. 

What Is a Mis-Sold Car Finance Claim?

A Hyundai Finance mis-sold car finance claim is a legal action taken by a consumer who has been misled or wrongly advised about their car finance agreement by the finance provider. There may have been multiple instances of mis-selling, which has resulted in a large number of Hyundai Finance car finance compensation claims.

Mis-sold personal contract purchase (PCP) agreements are one of the most prevalent types of this practice today. These agreements involve customers paying a deposit followed by monthly repayments for a fixed period.

Customers may have been misled into taking out PCP agreements unsuitable for their financial circumstances or provided with inaccurate information about the cost of the agreement.

How Could Hyundai Finance Have Mis-Sold My Car Finance Agreement?

Representatives of Hyundai Finance could have potentially mis-sold your car finance agreement in several ways. One such possibility could be through the sale of an unsuitable product, such as a PCP plan or unwarranted add-ons.

This could occur if the finance agreement did not take into account your financial circumstances, resulting in unaffordable repayments or other financial hardship. Customers on the receiving end of this type of deception can have their credit scores potentially affected.

Similarly, Hyundai Finance undisclosed commission practices happen when agents receive a commission for selling you the finance product but did not disclose this information to you. Another possibility could be the mis-selling of car finance more generally, wherein the terms and/or risks of the agreement were not adequately explained to you or were misrepresented in some way.

This could occur if the sales representative was incentivised to make the sale but did not fully explain the risks or terms of the agreement. This can be a clear breach of the regulations set out by the Financial Conduct Authority and can entitle customers to a car finance compensation claim.

If you suspect that you have been mis-sold car finance by Hyundai Finance, you may be eligible for compensation. This can include compensation for any financial loss or damage incurred as a result of the mis-selling, as well as any other expenses or emotional distress that you have suffered. Moreover, you have the legal right to claim against Hyundai finance for a mis-selling incident. 

How Much Can I Receive for a Hyundai Finance PCP Claim?

If you have recently discovered that you were mis-sold car finance by Hyundai Finance, you may be wondering how much compensation you could receive. While the amount can vary depending on the specific circumstances surrounding your case, it is important to note that you do have the right to claim for Hyundai Finance mis-sold PCP. Claimants can receive up to a few thousand pounds as a settlement by the finance company.

It is crucial that you seek the advice of a professional with experience in this area to ensure that you receive the maximum compensation you are entitled to.  So, if you believe you have been mis-sold your Hyundai Finance PCP agreement, don't hesitate to take action and explore your potential compensation options.

How Can I Start My Car Finance Claim against Hyundai Finance?

To begin your claim, you must gather all relevant documents about your car finance agreement with Hyundai Finance. This may include the original contract, payment receipts, and any correspondence between you and the finance company. We will use these materials to build a strong case on your behalf.

Once we have reviewed your documents and assessed the strength of your case, our legal panel will work with you to determine the best course of action. This may involve negotiating directly with Hyundai Finance, filing a claim in court, or pursuing alternative dispute resolution methods.

Throughout the process, our legal panel will keep you informed of any developments and provide you with guidance on how to proceed. We will also advocate for your rights and interests to ensure that you receive a fair and just resolution to your car finance dispute.