Have you purchased your Nissan using car finance as a UK driver? If so, you may be entitled to compensation due to undisclosed commissions. Understanding your rights and exploring your options is essential to securing the justice you deserve.

Find out today if you qualify.

What Are Nissan Car Finance Claims?

If you believe you were treated unfairly during the purchase of financial products for your Nissan, there is a way to address it. Filing a car finance claim can help resolve issues related to mis-selling.

These claims typically arise when the finance provider fails to disclose the commission paid to the broker. Additionally, brokers may provide misleading information about the loan's affordability or omit key details about the agreement’s terms.

How Could My Nissan Car Finance Have Been Mis-Sold?

Mis-selling can happen in several ways, so it’s important to recognise the tactics used and assess whether you have been affected. The legal experts at ClaimExperts.co.uk specialise in addressing undisclosed commissions, a common issue in car finance mis-selling cases.

• Hidden Commission:
  According to a report by the Financial Conduct Authority (FCA), commission was included in 95% of car finance agreements, with 40% featuring hidden "discretionary commission arrangements." These arrangements allowed brokers and dealerships to increase interest rates and earn higher commissions, often leaving consumers unknowingly overpaying. To address this, the FCA banned discretionary commission arrangements in 2021.

Other forms of mis-selling Nissan car finance include:

• Inadequate Affordability Assessment:
  If the finance provider failed to evaluate your financial situation before approving the agreement, it could result in unaffordable repayments and financial strain.

• Misrepresentation of Terms:
  Incomplete or inaccurate information about the terms—such as interest rates, repayment plans, or additional fees—may indicate mis-selling.

• Pressure Selling Tactics:
  If you felt pressured to agree to the finance terms without fully understanding them or exploring other options, this may be a case of mis-selling. Sales representatives are obligated to provide clear and transparent information to help customers make informed decisions.

• Unsuitable Product Recommendations:
  If you were offered a loan with a high interest rate despite being eligible for a lower one, or if the product did not align with your specific needs, it may have been mis-sold.

• Undisclosed Fees or Charges:
  Hidden fees or charges that were not disclosed in the agreement could result in unexpected financial difficulties.

• Failure to Explain Risks:
  If the risks associated with the agreement—such as potential impacts on your credit rating or the possibility of vehicle repossession—were not adequately explained, it could indicate inappropriate selling.

If any of these situations apply to your Nissan car finance agreement, and you suspect the commission was not disclosed, you may have grounds to file a mis-selling complaint.

You can file a claim with the Financial Ombudsman at no cost. However, consulting a legal expert or a claims management organisation like ClaimExperts.co.uk can help you navigate the process.

Who Is Eligible for Nissan Mis-sold PCP Compensation?

If you financed a Nissan vehicle between 2014 and 2021, you may be eligible for compensation.

Use the ClaimExperts.co.uk system to check your credit agreements from this period. Our complimentary eligibility tool can help identify agreements that may qualify for compensation.

The FCA’s investigation revealed that commissions were present in most contracts, with many using the Difference in Charges (DiC) model. If you entered into a car finance agreement during this time, you could be entitled to reclaim significant interest payments.

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

Nissan does not directly handle compensation claims for mis-sold car finance. Instead, you will need to contact the bank or lender that provided your car finance agreement.

If the salesperson failed to disclose their commission, clarify the contract terms, or properly assess your affordability, you may be entitled to seek compensation for mis-sold car finance.

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

While the FCA has not yet provided specific guidelines on compensation, a framework similar to PPI payouts is expected.

For example, the Financial Ombudsman has supported consumers in cases involving discretionary commissions. In one case, a customer financed a £7,619 car through Black Horse at a 5.5% interest rate despite a lower 2.49% rate being available. The customer was refunded £1,147—the difference in commission—plus interest.

FCA data shows that consumers paid an additional £1,100 in interest on a £10,000 car finance agreement over four years due to discretionary commission schemes. For larger loans, potential refunds could be even more significant.

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

At ClaimExperts.co.uk, we are committed to assisting individuals affected by mis-sold car finance agreements. Our panel of legal experts provides comprehensive support to guide you through every step of the claims process.

We work with law firms nationwide to ensure your case is handled by the most suitable legal professional. Additionally, we offer free access to detailed guides to help you understand your claim and assess your eligibility.

Use our online eligibility checker to quickly evaluate your case and receive preliminary advice at no cost.

Find out today if you qualify to make a claim.

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.