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FCA redress deadline active — people who register now are in the first payment wave
FCA CONFIRMS £7.5 BILLION REDRESS SCHEME  ·  REGISTER NOW TO BE CONTACTED AUTOMATICALLY
Motor Finance Scandal

Your car dealer secretly charged you more interest to line their own pockets — and the FCA has just ruled it illegal

On 30 March 2025, the FCA confirmed a mass redress scheme covering 12.1 million car finance agreements. The money is set aside. The only question is whether you register before the first payment wave closes.

Updated  ·  5 min read  ·  Motor Finance

12.1M
Agreements confirmed by FCA
£7.5bn
Total redress confirmed
£1,846
Average payout per agreement
14,382 people have checked their eligibility in the last 24 hours
As covered by
"

This could be bigger than PPI. Anyone who has had car finance should check if they are owed money — and do it sooner rather than later.

Martin Lewis  ·  MoneySavingExpert.com

What your dealership did — and chose not to tell you

When you signed your car finance agreement, the dealership had the power to set your interest rate within a range provided by the lender. The higher they set it, the more commission they earned. They had every financial incentive to give you the worst rate possible — and in millions of cases, that is exactly what they did. You were never told this was happening. The Supreme Court ruled it unlawful in October 2024. The FCA has since confirmed you are owed money back.

This is not a technicality or a loophole. It is straightforward theft of your money. For every extra percentage point added to your interest rate, the dealership pocketed the difference. Over a typical 3–4 year PCP or HP agreement, that amounts to hundreds or thousands of pounds taken directly from you.

"The dealership knew. The lender knew. You were the only one in that room who didn't."

The FCA's confirmed redress scheme means firms are now legally required to calculate how much each customer was overcharged and pay it back — with interest. The average payout through our regulated partner is £1,846.23. Some customers with larger or longer agreements are receiving significantly more.

How much could you be owed?

Adjust the sliders to estimate your potential payout

Amount: £12,000
Duration: 3 years
Estimated potential payout
£1,080
Based on average overcharge rate. Actual amount may be higher.
Who is eligible

Still not sure? Here's what people ask us

📄
"I don't have my paperwork anymore"
You don't need it. Our regulated partner can trace your agreement using just your name, address history and approximate dates. Most people don't have their original documents.
🚗
"I don't own the car anymore"
Doesn't matter. The claim is about the finance agreement, not the vehicle. Whether you sold it, handed it back, or it's long gone — you can still claim.
💳
"Will this affect my credit score?"
No. Checking your eligibility and making a claim has no impact on your credit file whatsoever.
💰
"What does it cost me?"
Nothing upfront. It's no win, no fee — you only pay a percentage if a successful claim is made. If nothing is recovered, you pay nothing.
⏱️
"How long does it take?"
The eligibility check takes 60 seconds. The claim itself is processed as part of the FCA's mass redress scheme — registering now puts you in the earliest payment wave.
⚠️
Important: The FCA has set a deadline for firms to complete redress assessments. People who register now are prioritised in the first payment wave. Those who register later join a slower queue and may wait significantly longer.

Free eligibility check — 60 seconds

No upfront cost. No obligation. No credit check. You only pay if a successful claim is made.

Please enter your full name
Please enter a valid email address
Please enter a valid UK phone number
Please select a year range

Your details are secure and will only be used to assess your claim

No win, no fee
Takes 60 seconds
No credit check
FCA regulated process
No paperwork needed
✓

Checking your eligibility...

You are being redirected to our regulated claims partner. This will only take a moment.

Frequently asked questions
What is the car finance mis-selling scandal? +
Between 2007 and 2024, many UK car dealerships used Discretionary Commission Arrangements (DCAs) — allowing them to set your interest rate and earn a higher commission the more they charged you. The Supreme Court ruled this unlawful in October 2024, and the FCA confirmed a £7.5 billion mass redress scheme in March 2025.
How is this different from PPI? +
Unlike PPI, the FCA's car finance scheme legally requires firms to proactively identify and contact everyone who was mis-sold — not just those who complain. However, people who register now are being prioritised in the first payment wave ahead of those who wait.
How much could I receive? +
The average payout through our regulated partner is £1,846.23. This varies based on the size of your finance agreement, the interest rate applied, and the length of the agreement. Customers with larger or longer agreements often receive considerably more.
What if I had more than one car on finance? +
Each finance agreement is assessed separately. If you had multiple cars on finance between 2007 and 2024, you may be able to claim on each one individually — potentially multiplying your total payout significantly.
Is there a deadline to register? +
The FCA has set deadlines for firms to complete their redress assessments. Those who register earlier are processed first and will receive payment sooner. Waiting means joining a slower queue.

Don't leave money on the table

The average payout is £1,846. The check takes 60 seconds. It costs nothing to find out.

Fountain Finances is a claims management company (CMC). You can claim for free, without using a CMC, first to your lender or to the FOS. We will be paid a fee by our partner law firm for referring your case to them as part of an ongoing marketing agreement. *£1,846.23 is the average redress achieved by our partner law firm. This figure is the average claim value per agreement of our partner law firm, HD Law as of July 31st 2025. The FCA has introduced a free to use motor finance redress scheme. Results are not guaranteed and depend on individual circumstances. #ad