If you financed a car before 2021, you may have overpaid due to hidden commissions in your agreement. Many drivers took out PCP (Personal Contract Purchase) or HP (Hire Purchase) finance between 2007 and 2021 without knowing about these undisclosed charges. Now, with regulatory changes and growing awareness, you could claim back thousands in compensation.
A PCP claim allows you to seek compensation for any undisclosed commission or unfair financial terms in your car finance agreement. Many car dealers and finance companies added hidden commission fees to loans, increasing the cost for borrowers. If your lender did not fully disclose these fees, you might have grounds to reclaim what you unfairly paid.
Check if you qualify for a PCP Claim using the free Mis-sold Car Finance Payout Calculator.
How Do You Know If You Were Mis-Sold PCP Finance?
You may be eligible to claim if:
- The dealer or lender did not tell you about commission fees included in your finance agreement.
- You were led to believe you were getting the best rate but later found hidden charges.
- The total amount repayable was significantly higher than what was originally advertised.
- You were pressured into taking out finance without full disclosure of costs and terms.
How Much Could You Claim Back?
The amount you can claim depends on how much you overpaid due to hidden commissions. Some drivers have reclaimed thousands, with compensation based on:
- The total interest paid on your finance agreement.
- The undisclosed commission taken by the dealer or lender.
- Any additional charges unfairly added to your finance plan.
To estimate your compensation, use the Mis-sold Car Finance Payout Calculator.
FCA Update: Important Changes to PCP Claims
The Financial Conduct Authority (FCA) has confirmed an extension to the pause on motor finance complaints related to discretionary commissions. Motor finance firms now have until 4 December 2025 to provide final responses to customer complaints. This extension means you still have time to file a claim if you suspect you were mis-sold a PCP or HP agreement.
Read the latest FCA update here.
Steps to File a PCP Claim
- Gather Your Documents
- Find your car finance agreement and loan statements.
- Check emails or paperwork that mention interest rates and commissions.
- Use the Free PCP Claims Calculator
- Enter your details to see if you’re eligible for compensation.
- The tool estimates how much you may be owed based on your agreement.
- Submit Your Claim
- If eligible, you can begin the claim process online.
- Financial experts will review your case and handle the complaint with your lender.
Can You Claim If You’ve Paid Off Your PCP Agreement?
Yes, you can still make a claim if you’ve already paid off your finance agreement. Even if your car loan is closed, you could still recover money if hidden commissions were involved. The key factor is whether the lender disclosed all commission fees at the time of signing your contract.
What Happens If Your Claim Is Successful?
If your claim is approved, you could receive a payout covering:
- Refund of overpaid interest and commission charges.
- Compensation for any financial loss caused by the mis-sold finance.
- Possible adjustments to ongoing or future payments if you’re still repaying.
Why You Should Act Now
With the FCA deadline now extended, lenders have more time to handle claims, but it’s best to start your case early. Thousands of UK drivers are filing claims, and waiting too long may delay your payout. By starting today, you ensure your claim is processed before the final response deadline.
Check your eligibility for a PCP Claim and reclaim what you’re owed.
