Have you purchased a SEAT on finance in the UK? If so, you might be entitled to compensation for hidden commissions charged as part of your agreement. Mis-selling can happen more often than people realise, and uncovering these issues is essential to protecting your financial rights.

Act now to find out if you meet the criteria for a claim.

What Are SEAT Car Finance Claims?

A SEAT car finance claim is a legal way to challenge unfair treatment you may have faced when purchasing your car. Claims like these often arise when finance providers fail to disclose details about broker commissions. In addition, brokers may have misled you about key parts of the agreement, such as affordability assessments, fees, or repayment terms.

These claims aim to ensure that individuals are not left paying more than they should due to undisclosed practices.

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

Finance providers and brokers are required to act transparently and provide accurate information to consumers. Unfortunately, some agreements have fallen short of these standards. If you financed your SEAT, here are some ways mis-selling might have occurred:

• Hidden Commissions:
  According to the Financial Conduct Authority (FCA), commission payments were included in approximately 95% of car finance deals reviewed. Worryingly, 40% of these agreements involved "discretionary commission arrangements," which gave brokers the ability to inflate interest rates to increase their earnings.

  This often left consumers paying inflated repayments without their knowledge. To address this issue, the FCA introduced a ban on discretionary commission models in 2021.

• Inadequate Affordability Checks:
  If the finance provider failed to thoroughly assess your ability to afford the repayments, this could lead to financial difficulties and raise questions about the suitability of the agreement.

• Unclear or Misleading Terms:
  Were the details of your finance agreement, such as repayment schedules, interest rates, or additional charges, explained clearly? If not, this may be an indicator of mis-selling.

• Pressure to Agree:
  Sales tactics that pressure consumers into making quick decisions without sufficient time to understand the terms could amount to mis-selling.

• Inappropriate Recommendations:
  If you were advised to take on a finance product that didn’t align with your needs or financial circumstances, this might indicate that the product was unsuitable for you.

• Failure to Highlight Risks:
  Risks such as potential impacts on your credit score or the chance of repossession must be fully explained. If these risks were not discussed, it could suggest that the finance product wasn’t properly explained.

If any of these scenarios sound familiar and you believe commissions or terms weren’t disclosed clearly, you could have grounds to make a claim.

Who Can Make a SEAT Mis-sold PCP Claim?

Eligibility for claims typically extends to those who financed a SEAT between 2014 and 2021. This could include Personal Contract Purchase (PCP) agreements, Hire Purchase (HP), or other forms of car finance.

ClaimExperts.co.uk offers a straightforward eligibility tool that allows you to check if your agreement qualifies for a claim. By entering a few details, you can discover whether hidden commissions or other mis-selling practices impacted your contract.

Can I Claim Directly Against SEAT?

No, SEAT itself does not process compensation claims for car finance. However, the lender or financial institution that provided your car loan is legally responsible. If the terms of your agreement were not transparent or fair, you may be entitled to seek compensation from them.

What Could a SEAT Mis-sold Car Finance Claim Be Worth?

The amount of compensation depends on the circumstances of your claim, such as the size of the loan and how the commission affected your repayments.

For example, FCA data shows that hidden commissions could result in consumers overpaying by as much as £1,100 on a £10,000 car loan over four years. In some cases, larger loans have led to significantly higher overpayments being recovered.

Notable cases have seen consumers refunded the difference between their interest rate and a lower available rate at the time, plus additional compensation.

How Can ClaimExperts.co.uk Help?

ClaimExperts.co.uk specialises in helping individuals who have been mis-sold car finance agreements. With our expertise, you’ll receive step-by-step guidance and legal advice tailored to your situation.

Here’s how we can assist:

• Access a free eligibility checker to determine whether your SEAT finance agreement qualifies for a claim.
• Receive initial advice at no cost to help you understand your options.
• Get matched with a legal expert who will handle your case professionally and efficiently.

We aim to simplify the process so you can focus on achieving the best possible outcome.

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.