If you bought your Land Rover using car finance in the UK, there is a chance you could get some compensation for undisclosed commissions. It is crucial to know your rights and check out your options to ensure you get the justice you deserve.

Why not find out today if you qualify?

What Are Land Rover Car Finance Claims?

If you think you have been dealt with unfairly while agreeing to your financial agreement for your Land Rover, there is a solution. You can make a car finance claim to address this issue. These claims usually occur when the finance provider does not inform you about the commission they paid to the broker. Additionally, the broker might have given you false information about affordability and other crucial parts of the loan agreement.

How Could My Land Rover Car Finance Have Been Mis-Sold?

It is important to understand the various methods used to mis-sell Land Rover car finance to determine if you have been affected. The legal experts at ClaimExperts.co.uk specialise in dealing with undisclosed commission, which plays a significant role in cases of mis-selling.

• Hidden Commission: The latest report from the Financial Conduct Authority (FCA) showed that commission was found in nearly 95% of car finance agreements. Around 40% of these agreements included undisclosed "discretionary commission arrangements," giving lenders the ability to raise interest rates and earn additional commission via brokers and car dealerships. This may have led to many consumers overpaying for their car finance repayments. To tackle this problem, the FCA banned this type of commission arrangement beginning in 2021.

In addition to undisclosed commission, there are numerous other instances where the details of Land Rover car financing could have been inaccurately portrayed:

• Inadequate Affordability Assessment: Finance providers must carefully assess your financial situation before approving the agreement to ensure repayments are affordable and avoid financial difficulties.
  
  
• Misrepresentation of Terms: You may have been given incomplete or inaccurate information regarding the finance agreement's terms and conditions, including interest rates, payment plans, or additional fees.
  
  
• Pressure Selling Tactics: If you felt pressured into agreeing to the finance agreement without fully understanding its terms or exploring alternatives, it could indicate mis-selling. Sales representatives must provide clear, straightforward information to help customers make informed decisions.
  
  
• Unsuitable Product Recommendations: If you were sold a high-interest loan when you qualified for a lower rate or a product unsuitable for your needs, it may constitute mis-selling.
  
  
• Undisclosed Fees or Charges: Hidden fees or charges not disclosed at the time of agreement could result in unexpected financial burdens. Reviewing terms and conditions thoroughly is essential for transparency.
  
  
• Failure to Explain Risks: If risks, such as potential impacts on your credit score or vehicle repossession, were not adequately explained, this could indicate inappropriate selling.

If you suspect these situations apply to your Land Rover car finance agreement, and if you believe the commission was undisclosed, you may have grounds to make a mis-selling complaint.

ClaimExperts.co.uk and our panel of legal specialists are available to assist with your Land Rover finance complaint.

Who Is Eligible for Land Rover Mis-sold PCP Compensation?

Check your eligibility for car finance agreements from 2014 to 2021 using our system at ClaimExperts.co.uk. Our free eligibility tool is designed to scrutinise contracts during this timeframe, enabling you to discover if you qualify for interest repayments.

The FCA notes that many contracts included commissions, with a large number following the DiC model. Discover if you are eligible to recover interest payments quickly and at no cost by using our tool.

Can You Claim Against Land Rover for Mis-selling Car Finance?

If you suspect you have been a victim of mis-sold car finance, it is important to note that Land Rover does not handle compensation claims directly. We suggest contacting the bank or lender that financed your car purchase.

If the salesperson failed to disclose their commission, properly explain the contract terms and interest rates, or consider your affordability, you could potentially claim compensation for being sold car finance that was unsuitable for you.

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

The FCA has not released detailed compensation guidelines yet, but there is speculation about a system similar to PPI payouts being introduced.

Notable cases involving discretionary commissions, such as those against Black Horse and Barclays Partner Finance, have seen the Financial Ombudsman supporting consumers. In these cases, customers were refunded the difference between the interest rate they paid and the best available rate.

For instance, a customer financed a £7,619 car through Black Horse at 5.5% interest, despite a lower 2.49% rate being available. They were refunded the £1,147 commission difference, plus interest.

According to FCA data, consumers typically paid an additional £1,100 in interest on a £10,000 car finance agreement spanning four years due to discretionary commission models. Larger loans could lead to even more substantial refunds.

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

At ClaimExperts.co.uk, we are here to help you with your mis-sold car finance claims. Our panel provides comprehensive support, ensuring you have assistance every step of the way.

Thanks to our collaboration with law firms nationwide, your case will be handled by legal experts who understand your unique situation.

We offer free, detailed guides to help you understand potential claims. Additionally, our online eligibility checker allows you to assess the validity of your mis-sold car finance claim quickly, offering initial advice at no cost.

See if you qualify to make a 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.