Are you a UK driver who financed their Jaguar purchase through a car finance agreement? If that is the case, you might have a chance to claim compensation for mis-selling because of undisclosed commissions. Knowing your rights and choices is crucial to getting the justice you are entitled to. Discover if you qualify today.

What Are Jaguar Car Finance Claims?

If you have ever felt like you were tricked into buying a Jaguar car, then you might be interested in Jaguar car finance claims. These claims are essentially legal actions taken by people who believe they were given false information about financial products when they bought a Jaguar vehicle. This misleading behaviour can occur when the loan provider does not provide the correct details about the commission paid to the broker. Additionally, the broker might deceive customers about the affordability of the loan and other crucial aspects of the loan agreement.

How Could My Jaguar Car Finance Have Been Mis-Sold?
Jaguar car finance can be mis-sold in various ways, and it is important to recognise these tactics to determine if you have been affected. The legal experts at ClaimExperts.co.uk specialise in helping victims of one common form of mis-selling: hidden commission fees.

• Hidden Commission: In their groundbreaking report, the Financial Conduct Authority (FCA) found that commission was paid on around 95% of car finance deals. Astonishingly, around 40% of these car finance deals had hidden “discretionary commission arrangements.”

This means lenders allowed brokers and car dealerships to increase the interest rate to boost their commission. Thousands of consumers could have overpaid their car finance repayments because of this.

The FCA banned this type of “discretionary commission arrangement” in 2021.

While hidden commission is the most significant aspect of the ClaimExperts.co.uk car finance claim, other typical scenarios where a Jaguar car loan may have been mis-sold include:

• Inadequate Affordability Assessment: If the finance provider did not adequately assess your financial situation before approving the finance agreement, it could lead to unaffordable repayments and potential financial hardship.
  
  
• Misrepresentation of Terms: You may have been provided with incomplete or misleading information regarding the terms and conditions of the finance agreement. This could include aspects such as interest rates, repayment schedules, or additional fees.
  
  
• Pressure Selling Tactics: If you felt pressured into agreeing to the finance agreement without fully understanding its terms or exploring alternative options, it could indicate mis-selling. Sales representatives should provide clear and transparent information, allowing customers to make informed decisions.
  
  
• Unsuitable Product Recommendations: The finance product recommended to you may not have been suitable for your needs or circumstances. For example, if you were sold a high-interest rate loan when you could have qualified for a lower rate, it could constitute mis-selling.
  
  
• Undisclosed Fees or Charges: Hidden fees or charges not disclosed at the time of the agreement could result in unexpected financial burdens for the consumer. It is essential to review the terms and conditions carefully to ensure full transparency.
  
  
• Failure to Explain Risks: If the risks associated with the finance product were not adequately explained to you, including potential implications for your credit rating or repossession of the vehicle, it could indicate mis-selling.

If any of these scenarios apply to your Jaguar car loan contract and you suspect that the commission was kept secret from you, you could potentially have grounds for filing a mis-selling claim.

You are able to try and claim a refund for free using the Financial Ombudsman Service. However, if you would like expert advice on financial mis-selling problems, it may be worth reaching out to a legal professional or a claims management organisation.

They can provide valuable insights to help you make the right decisions. ClaimExperts.co.uk and our panel of legal specialists are just a couple of examples of companies that can assist with your Jaguar finance claim.

Who Is Eligible for Jaguar Mis-sold PCP Compensation?

If you took out a car loan anytime from 2008 to 2021, you might qualify. This includes loans for various types of vehicles, such as cars, vans, and motorcycles.

With the ClaimExperts.co.uk system, you can search for credit agreements spanning from 2014 to 2021. This means you can easily find any car finance agreements that you may be eligible for during that time period.

Our free-to-use eligibility tool is designed to scrutinise car finance agreements made from 2014 to 2021. According to the FCA's investigation, commissions were involved in 95% of the contracts they reviewed, with 40% employing the crucial Difference in Charges (DiC) model.

This implies that if you entered into a car finance agreement within the 2014–2021 timeframe, you might be entitled to reclaim thousands in interest payments. Determine your potential eligibility quickly and without cost by using our tool.

Can You Claim Against Jaguar for Mis-selling Car Finance?

No, you cannot sue Jaguar for mis-selling car finance. Instead, you should pursue a claim against the bank or lender that provided the financing for your car.

If you obtained your vehicle through PCP or HP finance post-2007 and the terms were not explained properly, then you might have a case for mis-sold car finance. If the salesperson did not provide you with all the information regarding their commission, neglected to explain the terms of your contract and interest rates thoroughly, or did not confirm your affordability, you might have grounds to file a claim.

How Much Could My Jaguar Mis-sold Car Finance Claim Be Worth?

Currently, the FCA has not provided a guideline in relation to compensation. However, it is expected that they will provide a framework similar to PPI payouts.

The Financial Ombudsman has ruled in favour of consumers in significant cases involving discretionary commissions, notably against Black Horse (a Lloyds Banking Group subsidiary) and Barclays Partner Finance. In these cases, customers were reimbursed the difference between the interest rate they were charged and the lowest rate available at the time.

For example, a customer financed a £7,619 car through Black Horse at a 5.5% interest rate, amounting to £2,096 over five years, despite a lower available rate of 2.49%. The Ombudsman mandated Black Horse to refund the £1,147 discrepancy in commission, plus interest.

FCA data reveals that when discretionary commission schemes were implemented, it led to consumers paying an extra £1,100 in interest on a standard £10,000 car finance plan over four years.

How Can ClaimExperts.co.uk Help with My Jaguar Car Finance Claim?

At ClaimExperts.co.uk, we are experts in assisting individuals who have been affected by mis-sold car financing. Our dedicated panel is here to offer you a comprehensive solution that will guide you through the entire process, from beginning to end.

We collaborate with law firms across the country to ensure that your case is managed by the most suitable legal professional for your specific circumstances. Our panel is dedicated to ensuring that you receive the highest level of expertise and representation when it comes to your claim.

Additionally, we offer complimentary access to our detailed guides, helping you understand your potential claim and assess your eligibility.

Our online eligibility checker enables you to swiftly evaluate the validity of your mis-sold car finance claim, offering immediate preliminary advice at no charge.

See if you are eligible to claim today.

The Small Print

This claim is regulated by the FCA. You do not need to use a claims management company to make a car finance claim. You have the right to complain directly to the lender and use the Financial Ombudsman Service to seek redress for free.

Many legal claims, including this one, are offered on a No-Win, No-Fee basis to consumers. This means that if your claim is unsuccessful, you will not be responsible for any costs to the solicitor.

It is important to note that there may be a cancellation fee if you cancel your claim with a panel member after the cooling-off period, which is 14 days.

The No Win, No Fee Success Fee charged by the solicitor is based on which expert panel member we refer you to. The maximum the legal panel will charge as a success fee is 36% inc. VAT.