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You could be owed £700*
per car finance agreement

You could be owed £700* per car finance agreement

Find your last 7 years agreements instantly and submit your claim:

  • icon No Paper work
  • icon No win- No Fee
  • icon Submit in less than 60 seconds

Just 3 Steps to More Justice

Follow these easy steps to get the compensation you deserve and hold the companies accountable for mis-sold PCP agreements.

Step 1

Find your agreements

Step 2

Select agreements

Step 3

Submit Claim

Don't miss out! You could be owed £700 per vehicle*

You could have one of the 22 Million affected agreements. £33 Billion is being paid out to people who have had PCP over the next 2 years.

Find my Agreements

How Do You Know If Your PCP Was Mis-Sold?

If any of the following statements apply to you, you may be entitled to thousands of pounds in compensation from a PCP claim:

  • icon
    The finance company did not inform you about any sales commissions.
  • icon
    The finance company disclosed that they received a commission but did not specify the amount.
  • icon
    You paid a high interest rate on your PCP finance.
  • icon
    You purchased a car through a PCP deal within the last 7 years.
Find My Agreements
Car finance agreement

FAQs

Personal Contract Purchase (PCP) is effectively a personal loan which allows drivers to spread the payments for a vehicle over a long period, typically two or three years. However, unlike a normal personal loan, you won't be paying off the full value of the car and you won't necessarily own it at the end of the deal, unless you choose to pay the final balloon payment. PCP is one of the more complex financial products available to help you buy a car, but it can be broken down into three main parts: the deposit, the amount you borrow and the balloon payment.

Our Fees

Our fees are shown exclusive of VAT and will be charged at the applicable VAT rate. Here's a breakdown of our fee structure

Band Redress Received % Fees Maximum fee
A £1–1,499 30.00% £420
B £1,500–9,999 28.00% £2,500
C £10,000–24,999 25.00% £5,000
D £25,000–49,999 20.00% £7,500
E £50,000+ 15.00% £10,000

These fees are in line with the FCA guidelines on compensation refunds of up to £49,999.

We will act on a 'NO WIN NO FEE' basis, and there are no administration charges or hidden fees payable. Our charging rates are set in bands depending upon the amount of redress or refund you receive.

PCP Claim UK is a trading style of Chase Monro Claims Ltd. Chase Monro Claims is registered in England and Wales. Registered number: 08314551. Registered office: 5 Glenn Building South 10 A Moor Lane, Crosby, Liverpool, England, L23 2UN. Chase Monro Claims Ltd is a claims management company authorised and regulated by the Financial Conduct Authority for regulated claims management activities. Firm Reference Number: 831404.

You can claim for free without using a claims management company by contacting your lender directly. If your complaint isn't successful, you can refer it to the Financial Ombudsman Service for free.

For more information on the FCA's car finance investigation, visit the FCA website.

PCP Claim UK does not charge customers for its free eligibility check service.

In successful cases, Chase Monro Claims Ltd charges fees of 18% to 36% (including VAT). A success fee will be deducted from each successful claim. If you cancel your claim after the 14-day cooling-off period, you may be charged for any work undertaken at the rate of £139 - £282 per hour plus disbursements.

Chase Monro Claims may refer your claim to a firm of solicitors. If we do we will receive a referral fee from the solicitors for doing so. In successful cases, your solicitor will charge a success fee of 18% to 36% including VAT. This success fee will be deducted from each successful claim. If you cancel your engagement with the solicitor after the 14 day cooling off period, you may be charged for any work undertaken. These charges will be applied at the solicitor's normal hourly rates and will be in line with the SRA guideline hourly rates which can be found here: here. You will be provided with an invoice detailing the work undertaken, by whom and the amount of time spent on each task.

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