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Claim Renault Finance Compensation

If you have ever had car finance from Renault Finance, you may be able to claim compensation if it contained undisclosed commission.

Home E Car, Home & Travel E Car Loans E Renault Car Finance
Using car finance agreements to acquire a new vehicle has been standard practice for many years now. However, the sales practices adopted by brokers have been shown to be misleading, leading to hidden commissions. So if you have used a car finance agreement to purchase a Renault before January 28th 2021, then you might be eligible to seek compensation. At Claims Bible, we can help you understand your rights and help you make a successful Renault car finance claim.

What are Renault compensation claims?

Renault external link icon light blue is a popular French car manufacturer that has been involved in an investigation about hidden commission payments found in car finance sales. This investigation is being undertaken by the Financial Conduct Authority (FCA), external link icon light blue which is looking at how brokers misled customers by hiding commission payments. It appears as though this has occurred for both Personal Contract Purchase (PCP) external link icon light blue and Hire Purchase (HP) external link icon light blue agreements, which means that there are many affected customers.
The scale and scope of the FCA investigation have paved the way for victims to seek fair compensation against companies like Nissan for their misleading commission practices. There are already thousands of car finance clients who have complained about the hidden commissions, and it’s likely there will be many more to come. If you believe that you have experienced hidden commission during a PCP or HP agreement with Nissan, then our team at Claims Bible is here to help you seek compensation.

How do I know if I have a claim against Renault?

Making a successful car finance claim against Renault will require you to meet certain criteria. The FCA will only look into car finance complaints that meet their eligibility requirements, so it’s important to understand your circumstances. One of the most important factors is having set up a car finance agreement with Renault before January 28th 2021. There are other criteria to consider though, and at Claims Bible we can help you understand whether or not you’re eligible to make a claim.
You won’t be able to make a car finance claim if you leased the vehicle through Renault, but you could still be eligible for a finance affordability claim. At Claims Bible, we’ll consider your unique circumstances to help you build a rock-solid case against Renault.

How to make a complaint against Renault

If you want to make a complaint against Renault to seek compensation, then let Claims Bible help. We can make the entire process simple and stress-free for you, from gathering all of the evidence required for your claim to helping navigate you through the legal side of things by partnering you with legal experts.
There is a freeze on complaining directly to Nissan until September 25th 2024, which will give the FCA enough time to carry out the investigation. At Claims Bible, we will help you lodge your complaint to the relevant firm as quickly as possible to ensure you don’t exceed the limitation period for claiming. So you’ll need to make your complaint within six years of the issue, or three years of learning about the issue.

How much is a Renault car finance complaint worth?

At the moment, there isn’t a standardised compensation amount for Renault car finance complaints. However, once the FCA investigation is concluded it will be much clearer how much compensation will be made available. The FCA claims that they intend to focus on allowing complainants to receive fair compensation that is both consistent and efficient. Our team at Claims Bible can help ensure this by helping you with your complaint from start to finish. To find out more, please contact us today.

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You do not need to use a claims management company to make your complaint to your lender. If your complaint is not successful you can refer it to the Financial Ombudsman Service for free. Claims Bible does not charge you for our service, we may be paid a fee by the final supplier for any introductions. This will not impact on any costs incurred by you. See our partner's "no win no fee" charges here.