How Hidden Costs in Car Finance Agreements Could Still Be Affecting Drivers

Across the UK, many drivers are discovering that historic car finance agreements may contain terms that were never clearly explained. With a rise in financial awareness, Reclaim247 is helping people uncover signs of mis-sold car finance and explore car finance claims or PCP claims with no paperwork, no upfront cost, and no pressure.
Manchester, UK - February 24, 2026 - Hidden charges, vague interest terms, and commission-based arrangements are still causing problems for drivers years after they signed their car finance deals. While many assumed the matter was closed once the vehicle was paid off or returned, the long-term effects of mis-sold car finance are only now coming to light, with some drivers now exploring their eligibility for car finance compensation [https://www.reclaim247.co.uk/] or a car finance refund.

Reclaim247 is working with UK drivers who want a clearer picture of how their past agreements were structured. In many cases, this review is uncovering signs of car finance mis-sold without the customer ever realising anything was wrong at the time.

"Most people were never told about broker commissions or how their interest rate was set," said Andrew Franks, Co-Founder of Reclaim247. "They were just shown a monthly figure. Years later, when they look back, the numbers often don't add up."

Why Older Agreements Still Matter

Some drivers are finding that old agreements included costs that were never explained, such as:

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Commission paid to brokers without disclosure

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Interest rates increased without justification

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A lack of real choice between finance products

These issues, according to the Financial Conduct Authority, are common signs of car finance mis-selling. The regulator has been reviewing car finance deals arranged between April 2007 and November 2024, focusing on practices such as:

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Discretionary Commission Arrangements, where brokers raised interest rates to earn more commission

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Unfairly High Commissions, where the broker's payment far exceeded the value of the service provided

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Limited Finance Options, where customers were led to believe they were comparing offers, when only one was presented

These issues are not always easy to spot. But if any of them applied to your agreement, you may be eligible for a car finance claim or a PCP claim.

Why PCP Claims Are Being Revisited

PCP claims [https://www.reclaim247.co.uk/pcp-claims/] are especially common due to how these agreements were presented. They often advertised low monthly costs, but many drivers did not fully understand the balloon payment or ownership terms at the end. In some cases, what looked like a flexible deal turned out to be more expensive than expected.

"PCP finance often looked affordable because of the monthly payment," said Franks. "It was only at the end of the agreement that some drivers realised the full cost had never been clearly explained."

A Simple, Free Way to Check

Reclaim247 offers a free tool that allows drivers to check for mis-sold car finance [https://www.reclaim247.co.uk/claims-guide/discretionary-commission-arrangement-vs-undisclosed-commissions-car-finance-claims/] without needing documents. You don't need to find the original lender or track down paperwork. Just provide your name, address and date of birth. The system searches for historical finance agreements and highlights any signs of mis-selling.

If signs of car finance mis-sold are found, the driver is referred to a regulated legal partner. There is no cost to start and no fee unless compensation is successfully recovered.

It's Not Too Late to Act

Even if your car finance agreement ended years ago, the deal can still be reviewed. Many drivers are only now realising that something may have been wrong. Whether your agreement was a PCP or hire purchase deal, Reclaim247 can help you check if you're eligible for a car finance claim.

Start your free check today at www.Reclaim247.co.uk

No paperwork needed. No upfront cost. No pressure.

About Reclaim247

Reclaim247 [https://www.reclaim247.co.uk/] is a multi-award-nominated UK-based claims management service helping drivers check whether they were affected by mis-sold car finance. The company offers a simple, online tool for exploring car finance claims and PCP claims without the need for paperwork or upfront fees. With thousands of checks completed, Reclaim247 connects drivers to regulated legal partners to ensure fair outcomes for those impacted by car finance mis-selling.

Media Contact
Company Name: Reclaim247
Contact Person: Andrew Franks
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=how-hidden-costs-in-car-finance-agreements-could-still-be-affecting-drivers]
Phone: 0333 041 0110
Address:3 Archway, Birley Fields, Hulme
City: Manchester
Country: United Kingdom
Website: https://www.reclaim247.co.uk/

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