Quick Guide:
Eligibility:
If you purchased a Peugeot on PCP finance after April 1st, 2014, you may qualify for compensation. This applies to both new and used Peugeot vehicles financed through PCP agreements during this period.
Lack of Disclosure:
Failure to fully explain commissions during your Peugeot PCP agreement could lead to potential refunds for interest and fees. If commissions were not transparently disclosed, you may have grounds for claiming back overpaid charges.
Compensation Potential:
Successful Peugeot PCP claims could result in refunds for interest and fees, potentially amounting to significant sums. The exact compensation amount depends on factors such as the terms of your agreement and the impact of undisclosed commissions on your payments.
How to Claim:
If you believe you may have a Peugeot PCP Car Finance claim, it’s essential to seek guidance from a finance claims specialist. They can assess your case, advise you on your eligibility, and help you navigate the claims process effectively. Don’t hesitate to reach out for expert assistance in pursuing your claim.
FAQs:
Indicators that you might be eligible for a Peugeot PCP Claim include:
• The car salesperson promoted there finance as the ‘best option’ without suggesting you explore other options or presenting alternative choices.
• The salesperson failed to disclose any commission they would receive from the finance company for your agreement.
• You were not informed about the exact amount of commission they would receive from the finance company.
If any of these indicators resonate with your experience, you may have grounds for a Peugeot PCP Claim and should consider seeking further advice from a finance claims specialist.
How much compensation could I receive for my Peugeot PCP Claim?
The amount of compensation you can claim varies depending on several factors, such as the terms of the finance agreement, the interest rates applied, the financed amount, and the duration since the PCP finance agreement was initiated. Despite these variables, you may be eligible for thousands of pounds in compensation. Each case is unique, so the exact amount will depend on the specifics of your agreement and how much the undisclosed commission impacted your total payment. If you believe you have a Peugeot PCP claim, it is worth exploring your eligibility for potential compensation.
How long does the processing of my Peugeot PCP Claim take?
The duration varies depending on the specifics of each claim. If the dealership and/or the finance company acknowledge responsibility for the purported PCP mis-selling and commit to rectifying the situation, a compensation claim might be resolved within a few months.
However, if the allegations are contested, the claim may be referred to the Financial Ombudsman Service (FOS), extending the resolution timeline to approximately 12 to 18 months.
Opting for court proceedings, if deemed necessary, could also prolong the process, typically spanning between 12 and 18 months. It’s important to note that each case is unique, and the time frame can vary based on factors such as the complexity of the case and the cooperation of all involved parties.
How We Can Help
If you’ve been misled into purchasing car PCP finance for a Peugeot, we’re here to assist. Our team comprises experienced solicitors who are ready to thoroughly assess your situation and recommend the most appropriate steps forward.
If you’re interested in obtaining further information about making a claim for a Peugeot PCP, please don’t hesitate to contact us. We’re eager to engage with you, discuss your options, and address any questions or concerns you may have.
Filing a claim for a Peugeot PCP may appear complex, but rest assured, we’re here to provide you with the support and guidance you need every step of the way.
Common Peugeot Models:
• 108 Hatchback
• 208 Hatchback
• e-208 Hatchback
• 308 Estate
• 3008 Estate
• 408 Fastback
• 508 Hatchback
• 508 Estate
• e-Rifter Estate
• Rifter Estate
• Traveller MPV