MoneySavingExpert News

Car Finance

Car finance mis-selling investigation expected to find wrongdoing, regulator says

It's "improbable" that an investigation into hidden car finance commission will find no evidence of wrongdoing, the boss of the financial watchdog has said.

14 March 2024

1,000,000 car finance complaints submitted since MSE's tool launched on 6 February 2024 

That equates to a staggering 30,000 per day. A back of the envelope calculation means this could be at least £480,000,000 back for those consumers, or more, as over 25% complaints are from people with multiple agreements.

11 March 2024

Millions who bought a car or van on motor finance could be due a payout as major mis-selling investigation launched – what we know

If you bought a car or van on motor finance from the likes of Barclays Partner Finance, Blackhorse and Santander and you think you were overcharged, you could be due a payout as a major mis-selling investigation has been launched.

7 February 2024

More Than to stop selling car insurance policies – here's what it means for your cover

If you're a More Than car insurance customer with auto-renewal turned on, you should look out for a letter explaining that you'll be switched to Swinton Insurance. Meanwhile, if you're not on auto-renewal, you'll need to arrange new cover when your policy ends as More Than has pulled out of the market.

30 November 2023

Regulator to ban interest rate-linked car finance commission

The financial regulator has announced it will ban commission models that give car finance dealers an incentive to raise customers’ costs from next year

28 July 2020

Motorists overcharged by £1,000+ for car finance loans

Some car finance customers are paying more than £1,000 extra in interest charges due to certain commission incentives, the Financial Conduct Authority has said

4 March 2019

Learners waste £100,000s a year on driving tests they instantly fail

Learners are failing their driving test for reasons such as forgetting L plates or their not being up to scratch

16 July 2018

Warning: 34,000 fined last year for not taxing vehicles which are FREE to tax

Drivers paid over £500,000 in fines last year for not applying to tax vehicles which cost nothing to tax

26 June 2018

Private parking tickets up 20% in a year

The number of parking tickets issued to motorists by private firms has hit a new record high

27 April 2018

FCA to mystery shop car finance firms

Car finance firms are to be tested on if they give enough information to buyers about risks involved

15 March 2018