The PCP Trap: Uncovering the Truth About Car Finance Mis-selling
Personal Contract Purchase (PCP) agreements have become a popular way to finance a car, but many consumers are unaware of the hidden pitfalls. Car finance PCP mis-selling has left thousands of drivers paying more than they should, often due to unclear terms, undisclosed fees, or pressure tactics from dealerships.
How PCP Agreements Can Be Mis-sold
PCP deals are complex, and not all lenders or brokers explain them properly. Common issues include:
- Hidden fees – Extra charges buried in the fine print.
- Unfair interest rates – Higher than advertised or not properly disclosed.
- Pressure to sign – Sales tactics that rush buyers into agreements.
- Misleading mileage limits – Penalties for exceeding limits not clearly explained.
If you suspect you were misled, you may have grounds for PCP agreement claims to recover compensation.
Consumer Rights and Environmental Concerns
Beyond financial harm, Consumer and Environmental Claims highlight how some lenders push unsustainable deals. Many drivers end up in cars they can’t afford or that don’t meet their needs, leading to unnecessary waste and higher emissions.
What You Can Do Next
If you believe you were mis-sold a PCP deal, don’t wait—take action now. At People’s Expert, we specialise in helping consumers fight back against unfair car finance practices. Our team can review your case and guide you through the claims process.
Get in touch today to see if you’re owed compensation.