How To Make An Audi PCP Claim
Did you take out a finance agreement on your Audi? Then you may be able to make an Audi PCP claim. Mis-sold Audi PCP finance deals are only too common, and they could entitle you to thousands in compensation.
There are a number of ways that mis-selling could have happened to you. The salesperson may have kept their commission a secret, or they could have employed high-pressure sales tactics to get you to sign the deal. Whatever the case, this entitles you to claim back compensation on your car finance deal.
Here is everything you need to know about making an Audi PCP claim.
What Is An Audi PCP Claim?
An Audi PCP claim is when Audi buyers have been mis-sold car finance deals and want to claim back the mis-sold amount.
A PCP finance agreement, which stands for Personal Contract Purchase, is a type of financial agreement commonly used by UK car buyers. They are finance agreements that are paid off over time.
In many cases, car dealerships are guilty of mis-selling PCP finance agreements. This is when the car dealership sells an incorrect financial product to the customer or doesn’t fully explain what the agreement involves. This will typically result in monthly payments that the customer can’t afford or payment amounts that the customer doesn’t understand.
If you were mis-sold an Audi PCP agreement, you could make a PCP claim.
Common Types Of Audi Mis-Sold Car Finance Claims
Car dealers and finance companies are often guilty of mis-selling Audi PCP finance agreements. Here are some of the most common types of mis-sold car finance claims that you can make.
Undisclosed Or Hidden Commissions
You can make an Audi mis-sold car finance claim if your PCP agreement includes hidden or undisclosed commissions. In many situations, the salesperson will receive a commission from the finance company that sells the PCP agreement.
These commissions are not disclosed to the Audi customer, and they are paid through inflated interest rates and hidden fees. If you were not made aware of commissions in your Audi PCP deal, you can make a claim against this.
Lack Of Proper Affordability Checks
The car dealership may push the Audi customer into a finance agreement without properly investigating whether it’s a good fit. In many cases, the customer can’t actually afford the finance deal that they are sold.
High-Pressure Sales Tactics
Audi car dealers may put unnecessary pressure on the customer to enter into a finance agreement. They might have rushed the deal or avoided looking into other alternatives. This is an example of PCP car finance mis-selling.
Inflated Prices And Interest Overcharges
Car dealerships may over-inflate the interest charges on the Audi PCP deal in order to finance high commission payments. If these interest rates and commissions were not disclosed to the customer, then they could make a claim.
Emissions Scandal Claims
In some cases, Audi dealers could tamper with diesel emissions. This results in the customer entering into a PCP car finance agreement expecting certain emissions from the vehicle and ending up with different emissions. This is a matter of misrepresentation and it can result in a claim.
What Can You Claim For?
You can make Audi PCP claims for any situation where mis-selling happened. An Audi PCP finance claim aims to reclaim any money that you spent on inflated interest rates and hidden fees.
What you can claim compensation for varies with each case. The amount is determined by your specific PCP interest rate, how much finance you took out, the commission model used, and how far into the loan you are.
In most cases, a PCP Audi claim can be worth hundreds or thousands of pounds.
Are You Eligible To Make An Audi PCP Claim?
Audi buyers who purchased a vehicle using a PCP car finance agreement between March 2016 to December 2020 may be eligible to make a claim.
If you want to make an Audi PCP claim, then you will need to identify that the car dealer or finance provider has been guilty of mis-selling. You will need to go over all of your finance agreement documents and correspondence with the dealership to identify whether this is the case.
If you were not made aware of hidden commissions, or if any important financial information was left out, then you were likely a victim of mis-selling. PCP claims happen when you end up paying more money towards your car finance agreement than what you expected to pay or should have paid.
If this is the case, you will need to speak to a solicitor to put your claim together. Our panel of experienced solicitors will help you identify whether our claim is valid and how much you will be able to claim compensation for based on your situation.
How To Claim On Your Audi’s Mis-Sold PCP Car Finance
Mis-sold Audi car finance is only too common. If you want to make a claim, then you will need to work with an experienced PCP claims solicitor to help you achieve a successful result. Your PCP claim will need to be put forward to the Financial Ombudsman Service (FOS).
In order to make an Audi PCP claim, you will need to have your financial agreement documents available, the hire purchase agreement, and any other evidence that will support your claim.
Contact Us Today To Get Started On Your Audi PCP Claim
If you want to make an Audi PCP finance claim, then you will need help from a team of experts. Our experienced team of Audi car finance solicitors will help you identify whether your claim is valid, what you can claim compensation for, and what the next steps forward are.
We can help you put together a strong case and identify exactly where your Audi dealer was guilty of mis-selling. This will help you achieve a more successful case and reclaim your money faster and more easily.
Get in touch today to find out how we can help you with your claim.
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