Additional information

For car finance agreements taken out between 6 April 2007 and 31 March 2014, the FCA estimates typical payouts at around £569 per agreement. This is the midpoint – around half of people will receive less, and half will receive more.

What to know:

• Around 4.2 million agreements fall into this group
• The FCA estimates around £3.05 billion will be paid out across these older cases
• Your actual compensation could be higher or lower depending on your lender, the commission charged, your interest rate, and whether any caps apply

Additional information

For car finance agreements taken out between 1 April 2014 and 1 November 2024, the FCA estimates typical payouts at around £717 per agreement. This is the midpoint – around half of people will receive less, and half will receive more.

What to know:

• Around 7.8 million agreements fall into this group
• The FCA estimates £6.8 billion will be paid out across these newer cases
• Your actual compensation could be higher or lower depending on your lender, the commission charged, your interest rate, and whether any caps apply

Additional information

If your agreement started between 6 April 2007 and 1 November 2024, you could be eligible for compensation.

Typical payouts vary depending on when your agreement started:

• Around £569 per agreement for older agreements
• Around £717 per agreement for newer agreements

Half of people will receive less than these amounts, and half receive more.