Have you purchased a Peugeot using a car finance agreement in the UK? If so, there’s important news for you. You may be entitled to compensation due to undisclosed commissions, a common form of mis-selling. Knowing your rights and thoroughly investigating your options is essential to securing the justice you deserve.

Take the opportunity today to see if you qualify.

What Are Peugeot Car Finance Claims?

If you suspect that you were misled when financing your Peugeot, it’s worth exploring Peugeot car finance claims. These claims arise when individuals feel they were provided with inaccurate or incomplete information about financial products during the purchase process.

This type of deception can occur when a loan provider fails to disclose the commission paid to the broker. Additionally, brokers may misrepresent the loan's affordability or key aspects of the agreement.

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

At ClaimExperts.co.uk, we specialise in helping individuals identify and address mis-selling practices in car finance agreements. Hidden commission charges are a common issue in these cases.

• Hidden Commission:
  The Financial Conduct Authority (FCA) found that commission was included in 95% of car finance agreements, with 40% featuring hidden "discretionary commission arrangements." These arrangements allowed brokers and dealerships to inflate interest rates to increase their commission, often leaving consumers overpaying on their finance agreements. To combat this issue, the FCA banned discretionary commission arrangements in 2021.

Other potential forms of mis-selling include:

• Inadequate Affordability Assessment:
  If the finance provider did not thoroughly assess your financial situation before approving the agreement, this could result in unaffordable repayments and financial hardship.

• Misrepresentation of Terms:
  Incomplete or misleading information about the terms of the finance agreement—such as interest rates, repayment schedules, 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 alternatives, this could be a sign of mis-selling. Sales representatives must provide clear, transparent information to empower customers to make informed decisions.

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

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

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

If any of these scenarios apply to your Peugeot car finance agreement, and you believe commissions were hidden, you may have grounds to file a mis-selling complaint.

While you can file a claim for free with the Financial Ombudsman, consulting a legal expert or a claims management organisation like ClaimExperts.co.uk can help you navigate the process.

Who Is Eligible for Peugeot Mis-sold PCP Compensation?

If you financed a Peugeot vehicle between 2008 and 2021, you might be eligible for compensation. This includes loans for cars, vans, and motorcycles.

Using the ClaimExperts.co.uk system, you can search for credit agreements from 2014 to 2021. Our free eligibility tool helps identify agreements that may qualify for compensation within this timeframe.

The FCA’s investigation revealed that commissions were included 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 Peugeot for Mis-selling Car Finance?

Legal action cannot be taken against Peugeot directly for mis-selling car finance. Instead, you should approach the bank or lender responsible for financing your purchase.

If the salesperson failed to disclose their commission, clarify the contract terms, or properly assess your affordability, you may have grounds to file a claim for mis-sold car finance.

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

The FCA has not yet released specific guidelines on compensation, but it is anticipated that a system similar to PPI payouts will be introduced.

For example, in a notable case, a customer financed a £7,619 car through Black Horse at a 5.5% interest rate, despite a lower available rate of 2.49%. The Financial Ombudsman ordered the customer to be refunded £1,147—the difference in commission—plus interest.

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

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

At ClaimExperts.co.uk, we are dedicated to helping individuals affected by mis-sold car finance agreements. Our panel of legal experts offers 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 free 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.