Breaking New Ground in Motor Finance Mis-Selling Claims
Sentinel Legal is proud to announce another significant victory in the Car Finance Claims fight. This time, we successfully represented a client in a high-value claim against BMW Financial Services (GB) Limited, securing a total of £10,200.33 in compensation, including statutory interest and costs.
This result is a major step forward in our mission to hold finance providers accountable and protect consumers from unfair practices.
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Live in the UK and had a car on finance?
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Case Details
Defendant: BMW Financial Services (GB) Limited T/A Alphera Financial Services
Track: Fast Track
Stage Settled: At Trial
Case Type: PCP (Personal Contract Purchase)
Settlement Amount: £5,877.33
Total Due: £10,200.33
This case highlights the pervasive issue of hidden commissions within the motor finance sector. In this instance, a commission of £4,439.61 nearly 44% of the finance agreement was concealed from our client, resulting in an unfair financial relationship.
Why This Case Matters
This case underscores key industry wide concerns:
Hidden Commissions:
The commission amount represented a significant portion of the finance agreement, yet it was undisclosed to the consumer.
Conflict of Interest:
The broker's financial incentive undermined their ability to act impartially, violating FCA guidelines.
Consumer Impact:
The non-disclosure directly inflated the cost of credit for our client, leading to financial harm.
Financial Breakdown
Settlement Amount: £5,877.33
Statutory Interest and Costs: £4,323.00
Total Compensation: £10,200.33
This outcome not only rectified the financial harm done to our client but also set a precedent for similar claims. Sentinel Legal continues to lead the charge in exposing and addressing these unjust practices.
Frequently Asked Questions (FAQ)
1. What is motor finance mis-selling?
Motor finance mis-selling occurs when lenders or brokers fail to provide clear, transparent information about finance agreements, such as hidden commissions or unfair terms, leading to financial harm for the consumer.
2. How do hidden commissions impact my finance agreement?
Undisclosed commissions create a conflict of interest, where brokers prioritise their financial gain over securing the best deal for the consumer. This can significantly increase the overall cost of credit.
3. Can I claim compensation for a mis-sold finance agreement?
Yes, you may be eligible to claim if your agreement involved undisclosed commissions or unfair terms. Contact Sentinel Legal for a free assessment.
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Make Your Car Finance Claim Today
Live in the UK and had a car on finance?
✅ Don’t wait take action now and start your Car Finance Claim with Sentinel Legal.
