What to Do If Your Car Finance APR Was Increased Without Proper Explanation
When you enter into a car finance agreement, such as PCP or HP, you should be given clear and fair information about how your APR (Annual Percentage Rate) is calculated. APR reflects the overall cost of borrowing, including interest and certain fees, and helps you understand how much the agreement is likely to cost over time.
A Helpful Guide to Understanding Hire Purchase (HP) Car Finance Mis-Selling
Unsure about your PCP agreement? Explore signs of mis-selling and how to review your finance contract with trusted, professional support.
Can You Claim on Car Finance If the Dealer Didn’t Explain the Balloon Payment?
Most people go into a dealership expecting to leave with a car, not a maths puzzle. Yet for many drivers on PCP agreements, that puzzle appears at the end in the shape of the balloon payment, a number that can feel suspiciously like it’s been written with extra zeroes for fun. If the dealer didn’t explain what the balloon payment was, how it worked, or where it fit into the overall finance cost, it’s understandable to wonder whether the agreement was presented as clearly as it should have been.
