Car finance mis-selling scandal: you could be owed hundreds of pounds

At the end of the month the Financial Conduct Authority will lay out its rules for a multi-billion pound compensation scheme aimed at millions of drivers who unwittingly overpaid when they paid for a car on finance. But what will those rules look like? In this episode, Which? cars expert Michael Passingham explains how drivers who bought a car between 2007 and 2024 could be owed money as part of the car finance mis-selling scandal, and how you can check if you are affected. Plus, Pat Hoy, founder of Insider Car Deals, tells us how a sneaky tactic by car dealers went unnoticed for so many years, and how you can be sure you’re getting a good deal when you buy a car in the future. Read more about the car finance mis-selling scandal on our website & sign up for our free weekly Money newsletter Read about the different types of car finance options & find out more about Insider Car Deals The FCA website has more information on how you can complain if you were affected by the scandalGet in touch with us via email - [email protected] listeners can get 50% off an annual Which? membershipBecome a Which? Money member to access 1-to-1 guidance and receive the Money magazine