Martin Lewis is a renowned English financial journalist. Recently, he has been active in raising awareness and educating people on personal finance. He has played a pivotal role in empowering Britishers to understand and navigate the complexities of financial agreements, including car finance contracts.
Some people find it hard to understand Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements. Occasionally, a PCP contract involves certain mis-selling elements that most of the public is not aware of. For instance, if you bought an Audi and were unaware of the interest rate charged on the product, this could be accounted for as mis-selling. You may apply for an Audi PCP claim Martin Lewis. PCP claims involve issues where the customers might have signed deals that were unsuitable for their needs.
Martin Lewis has always stressed that every customer should know his rights and evaluate his options regarding PCP claims. He is known for advocating transparency and fairness in the financial industry. His efforts have helped various customers reclaim compensation and navigate the challenges of a mis-sold PCP deal.
Therefore, Martin Lewis is a trusted source of information and guidance for customers seeking to assert their rights for Audi PCP claims.
FCA on Audi PCP Claims
The Financial Conduct Authority, also known as FCA, is investigating the mis-sold PCP deals. The authority is reviewing a slew of complaints made by drivers against car dealers or finance providers. Thousands of Audi customers are claiming refunds on their mis-sold car finance. They believe that they have overpaid on the interest rates and discretionary commissions.
Customers who bought an Audi on a PCP deal before January 2021 claim that their contract might have been mis-sold. Martin Lewis advised that many Audi owners could be affected and that they should submit their complaints as soon as possible. The old practice incentivised brokers to charge a higher interest rate, and FCA claimed that agreements between 2007 and 2021 might have some hidden costs involved.
Claim for an Audi Mis-sold on PCP
According to the FCA, 95% of the cars that were sold before January 2021 had discretionary commissions in them. If you bought an Audi on a PCP deal, there is a likelihood that you might have signed a mis-sold car finance agreement. Here are some crucial points to consider when making a mis-sold Audi claim.
- The broker or the car dealer did not explain the exact T&Cs of the PCP contract.
- The lender or the car dealer did not provide a proper breakdown of total costs.
- The broker charged an additional amount as an interest rate without clarification.
- The finance provider did not run an affordability check on the customer.
- The customer was not informed of the other car financing options suitable for his needs.
- The customer was pressured by the sales team to sign the PCP deal as soon as possible.
- The customer was not notified about the final lump-sum payment mentioned in the PCP deal.
If you faced a similar experience, chances are that you might have been mis-sold on your Audi purchase. You should immediately seek an Audi PCP claim. You may also contact a financial claim service for making PCP claims.
PCP Claims with Revive Solutions
Making a PCP claim on Audi seems like a very daunting task. However, if you require professional assistance, feel free to connect with our PCP claim experts at Revive Solutions. Our claim experts are trained to help all Audi customers with mis-sold car deals. Our claim process is simple and easy. It is as follows;
- Check your Audi claim eligibility using our free PCP checker tool on our website.
- Once you are qualified for the claim, identify the cause of a mis-sold deal. Whether it is hidden fees, misleading information or anything else.
- Collect all the relevant documents, emails, receipts, and marketing material associated with your PCP contract. If there is any sort of discrepancy in written and oral commitments, you may file a claim.
- Wait for our PCP claim experts to get in touch with you.
Our PCP claim process for all Audi customers is simple and easy, yet it takes some time to complete legal proceedings. Our service is completely free of cost. We do not have any hidden charges involved in helping our clients; however, we follow a no-win, no-fee policy. According to the no-win, no-fee service, we charge a small percentage of your refund amount. Otherwise, you can always consult us for free.
Always remember that the popular Financial Ombudsman Service (FOS) is always willing to assist local buyers. If you want to go directly to the FOS to lodge a complaint against the lender or the car dealer, you are free to do so. But, the FOS claim process is also time-consuming. It usually takes six months to connect with your finance provider. It is better to find your own solicitors like Revive Solutions, who are renowned for PCP claims.