🚗💸 CAR FINANCE REVIEW — CHECK YOUR AGREEMENT
💥 The Situation: Reviewing Your Car Finance Agreement
If you took out a car finance agreement before 28 January 2021, there may have been interest or commission costs included that weren’t always made clear. The Financial Conduct Authority (FCA) has encouraged consumers to review their agreements so they can be confident they were treated fairly.“The FCA has highlighted that some past car finance agreements may not have clearly set out all charges.”
⚠️ Could You Be Eligible?
You may want to look at your agreement if:- Your car finance agreement started before January 2021.
- The information about interest rates or commission wasn’t fully clear.
- Your agreement was with a well-known finance provider.
📩 How to Review Your Agreement
Here are some practical tips you could follow:🔎 Step 1: Check your documents. Take a careful look at your finance agreement.
📝 Step 2: Raise a concern if needed. If something seems unclear, you can contact your finance provider. Free template letters are available from trusted consumer guidance websites.
⚖️ Step 3: Escalate if necessary. If your concern isn’t resolved, the Financial Ombudsman Service may be able to review your case independently.
This content is for general information and tips only. It is not financial advice. For guidance specific to your circumstances, please contact your lender or the Financial Ombudsman Service.



