Brits who bought car finance may be owed £1,400** as £8.2bn* payout scheme nears

Business

Brits who believe they were mis-sold car finance between 2007 and 2024 could be entitled to compensation averaging up to £1,400 per customer**. Car buyers could be in line for more than £8 billion* in payouts under a compensation scheme proposed by the City watchdog, the Financial Conduct Authority (FCA). The authority estimated that the finance arms of banks and carmakers could pay out billions to compensate some car buyers impacted by undisclosed commissions between April 2007 and November

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