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Hidden Costs and Deceptive Deals: Uncovering Car Finance Mis-Selling.

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Post: Hidden Costs and Deceptive Deals: Uncovering Car Finance Mis-Selling.

🚗 CAR FINANCE DEALS — DON’T GET SCAMMED!

Jump straight to: Intro Got a Claim? Make Your Move

🧠 INTRO: KNOW WHAT YOU’RE SIGNING UP FOR

Car finance sounds sweet — wheels without the upfront hit. But watch out: hidden fees, sneaky terms, and surprise costs can turn your dream ride into a money pit. Don’t get played. Protect your wallet, know your deal.

The Financial Conduct Authority (FCA) spells it out:

“Some car finance deals hide the real cost. You might only see the full damage after years of payments.”

Consumer Action Group throws down these stats:

– Extra fees lurking in the fine print.
– Total payments often way higher than promised.
– Folks trapped paying for cars worth less than their monthly dues.

❗ GOT A CLAIM? HERE’S HOW TO KNOW

If the dealer or lender didn’t lay it all out — full cost, hidden fees, APR — or pushed you to sign fast, you might have a fight. Watch for these red flags:

  • Interest rates that jumped higher than what you were told.
  • Penalties or crazy fees if you tried to end the deal early.
  • Confusing or missing info about the total cost.
  • Pressure tactics — no time to read the fine print.
  • Car value or loan numbers that just don’t add up.
  • Surprise charges you never signed up for.
  • Monthly payments that feel way too high for your ride.

🔥 MAKE YOUR MOVE: HOW TO CLAIM

See yourself in any of the above? Time to flex and get your cash back. Here’s the game plan:

STEP 1: Hunt Down Complaints Info

Jump on your lender’s website. Find the “Complaints” section. That’s your launchpad to file a formal complaint by email or letter.

STEP 2: Write Like a Warrior

Be sharp and straight-up. Detail how they misled you, what fees caught you off guard, and how they failed to be upfront. Don’t beg — call them out.

The lender has 8 weeks to reply. No response? Weak excuses? Level up your fight — hit the Financial Ombudsman Service:

www.financial-ombudsman.org.uk

STEP 3: Don’t Have Your Info?

Send a DSAR — Data Subject Access Request. It’s your right. They must give you your data within one month. Include your full name, DOB, past addresses — whatever it takes to get the full picture.

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Welcome to our latest news page.  You'll find all the latest Credit and Store Cards advice and updates on holding lenders to account.

✔ How this forum works

It’s important you are clear on the purpose and limitations of the site. We’re an information sharing website, aiming to help people who may have been mis-sold financial products. We base our information on over 20 years of experience in financial services and claims sectors, but we can’t guarantee our insights are perfect for everyone. So do note you use the information at your own risk and we can’t accept liability if things go wrong.

  1. This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  2. We don’t as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the Section 75 guide for protection tips).
  3. We often link to other websites, but we can’t be responsible for their content.
  4. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
  5. Always remember anyone can post on the Mis-sold Finance Guy forums, so it can be very different from our opinion.