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Best car finance claim company

cartoon rosette with text reading car finance claim company
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Reviewed By: John Black

John is Claim's Bibles lead content writer and is passionate about helping people claim the compensation they deserve if they have been mis sold or mislead.

Last Updated on 18th March 2024 by John Black

Home E Car Claims E Best car finance claim company

For most people, buying a brand-new car outright is a pipe dream. That’s why car finance agreements have become one of the most popular ways of acquiring a new car. However, if you’re new to the world of car finance, then it’s easy to feel lost with all of the jargon and decisions to make. It also leaves you open to risks such as being mis-sold a financial product, which could leave you in a lot of bother. Thankfully, our team at Claims Bible are here to help you understand if you’ve been mis-sold car finance and can help you seek compensation for the mis-selling. In this article, we’re going to discuss what car finance is all about, what car finance claims are and more.

What is car finance?

Car finance external link icon light blue refers to the various financial products available to individuals and businesses to assist in the purchase of a vehicle. These products can include loans, leases, and hire purchase agreements. The aim is to make vehicle ownership more accessible by allowing the buyer to spread the cost over an extended period, rather than paying the full amount upfront. Each type of car finance comes with its own terms, including interest rates, repayment periods, and ownership conditions, so it’s really important that you understand the specifics of your agreement.

What are car finance claims?

Car finance claims arise when consumers have been mis-sold financial products or services related to the purchase of a vehicle. Mis-selling external link icon light blue can occur in various forms, such as providing misleading information, failing to disclose all the financial charges accurately, or not adequately assessing the customer’s financial situation. When a consumer is mis-sold car finance, they may be entitled to claim compensation for the financial loss or distress caused by these practices.

How do I know I was mis-sold car finance?

Identifying that you were mis-sold car finance involves scrutinising the conditions under which the agreement was sold to you. At Claims Bible, we can look at the specifics of your situation to help you understand if you were mis-sold car finance. Here are several indicators that we look for:

  • Misleading Practices: If the lender did not fully disclose the interest rates, external link icon light blue fees, or total amount repayable, you might have been mis-sold.
  • Unsuitable Products: The finance option does not suit your needs or financial situation, indicating a lack of proper assessment by the lender.
  • High-Pressure Sales Tactics: If you felt pressured into taking the finance option without sufficient time to consider other options or read the fine print.
  • Misrepresentation of Information: False information was provided about the benefits, risks, or terms of the finance product.

What to look for in a car finance claims company

There are many different car finance claims companies to choose from, but choosing the right one can be tough. Many companies that help with car finance claims try to get as many claims through the court as possible, leading to many unsatisfied clients. At Claims Bible, we focus on building a positive relationship with you to help build your case and improve your chances of success. Below are a few reasons why we think that we stand out from the crowd:

  • Expertise and Experience: We have a solid track record in successfully handling car finance claims. Experience in this field is important as it ensures the best chances of success.
  • Transparency: We strive to be upfront about every step of the claims process. We won’t promise guaranteed success or charge upfront fees without clear explanations.
  • Customer Service: Our team offers a personalised service that listens to your concerns and keeps you informed throughout the claims process.
  • Regulatory Compliance: We are authorised and regulated by all of the relevant financial authorities, providing an additional layer of trust and security.

The best car finance claims company

When it comes to finding the best car finance claims company, conducting thorough research based on the criteria mentioned above will help you find a company that is well-suited to your specific situation. At Claims Bible, we tick all of the boxes to ensure your car finance claim is simple, effective and tailored to your needs.
Understanding your rights and options regarding car finance and potential mis-selling is key to success in these claims. If you believe you’ve been mis-sold car finance, choosing the right claims company to represent you can make a significant difference in the outcome of your claim. If you would like further assistance or would like to start your car finance claim, please contact our team at Claims Bible today.

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