Mis-sold car loans - did it happen to me?
August 4, 2025
15 min
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760 of 1,000
August 4, 2025
Mis-sold car loans - did it happen to me?
0:00 / 15:54
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Sky News Episodes Around August 4, 2025
Episode 760 of 1,000 — walk the feed in the order it was published.
15:54This episodeMis-sold car loans - did it happen to me?
Summary
<br />If you bought a car as far back as 2007 with a loan organised through your car dealership, you could be eligible for a payout. <br /> <br />The regulator, the Financial Conduct Authority, is consulting on a compensation scheme - and it's thought up to 40% of motorists who entered personal contract purchase (PCP) or hire purchase agreements between 2007 and 2021 will be eligible for a payout. <br /> <br />Niall Paterson talks to Sky's business correspondent Gurpreet Narwan about who might be eligible. <br /> <br />He also speaks to Adrian Dally, director of motor finance at the Finance and Leasing Association, who argues the payout levels look too high at this stage. <br /> <br />Producer: Emily Hulme <br />Editor: Wendy Parker <br />
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