Have you financed a Toyota in the UK? If so, you may be entitled to compensation for hidden commissions within your finance agreement. Mis-selling can leave consumers paying more than necessary, and it’s essential to understand your rights to take action.

Don’t wait—check your eligibility today and start reclaiming what you’re owed.

What Are Toyota Car Finance Claims?

Toyota car finance claims address situations where consumers were misled or lacked crucial information during the finance process. These claims typically involve undisclosed commissions paid to brokers or misleading details about affordability and loan terms.

Such practices can have lasting financial impacts, and filing a claim can help ensure transparency and fair treatment.

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

Mis-selling practices often involve hidden charges or incomplete information that leaves consumers in a disadvantageous position. Here are some common issues linked to Toyota car finance agreements:

• Hidden Commissions:
  The Financial Conduct Authority (FCA) reported that commission payments were included in 95% of car finance agreements reviewed. Shockingly, 40% involved "discretionary commission arrangements," allowing brokers and dealerships to inflate interest rates for personal gain.

  This led to inflated repayments for thousands of customers, prompting the FCA to ban such arrangements in 2021.

• Inadequate Affordability Checks:
  Finance providers must assess your ability to repay the loan before approval. If this wasn’t done properly, you might have been sold an agreement that wasn’t financially viable.

• Misrepresentation of Terms:
  Were you fully informed about your repayment schedule, interest rate, or any additional charges? Misrepresenting these terms is a clear sign of mis-selling.

• Pressure to Agree:
  Feeling rushed or pressured into signing a finance agreement without fully understanding the terms could indicate high-pressure sales tactics—a common feature in mis-selling cases.

• Unsuitable Recommendations:
  If you were offered a high-interest loan despite qualifying for a lower rate, this could constitute mis-selling.

• Failure to Explain Risks:
  Understanding the risks tied to your loan, such as potential impacts on your credit score or vehicle repossession, is essential. If these risks were not clearly communicated, your agreement may have been mis-sold.

If any of these situations sound familiar, you may have grounds for a claim.

Who Can Make a Toyota Mis-sold PCP Claim?

If you financed a Toyota vehicle between 2014 and 2021, you may be eligible to claim via our legal panel. While claims can be made for agreements dating back to 2007, our eligibility checker covers agreements from 2014 onwards to provide a streamlined process for assessing your claim.

ClaimExperts.co.uk offers a free eligibility checker to quickly assess whether your agreement qualifies. By entering a few details, you can find out if hidden commissions or other issues impacted your finance agreement.

Can I Claim Directly Against Toyota?

No, Toyota does not process claims for mis-sold car finance. Instead, you will need to address your claim to the lender or financial institution that financed your vehicle.

If your lender failed to disclose commissions, explain terms clearly, or properly assess your finances, you could have grounds for compensation.

What Could My Toyota Mis-sold Car Finance Claim Be Worth?

The amount of compensation varies based on factors like the loan size and the role of hidden commissions in inflating your repayments.

For instance, FCA data shows that discretionary commission models added as much as £1,100 to a £10,000 loan over four years. Larger loans often result in even higher overpayments being recovered.

In previous cases, the Financial Ombudsman has ruled in favour of customers, ordering refunds for the difference between their interest rate and the lower available rate, plus additional compensation.

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

At ClaimExperts.co.uk, we specialise in supporting consumers through the claims process for mis-sold car finance agreements.

Here’s how we help:

• Free Eligibility Checker: Quickly determine whether your Toyota finance agreement qualifies for a claim.
• Expert Legal Advice: Our panel of legal professionals provides tailored guidance at every step.
• Simplified Process: We handle the complex parts of your claim, so you can focus on what matters most.

Access our free guides and tools to better understand your case, and let us connect you with a legal expert to maximise your chances of success.

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.