Car Finance Compensation 2024 Bmw. If you’ve used car finance to buy a car, motorbike or van, it’s very likely that the lender paid the broker (usually your car dealer) commission for arranging the loan. Car dealers and finance companies are reeling from an appeal court decision in favour of consumers, which ruled that ‘secret’ commission rates paid to dealers are against the law in the uk.
On thursday (11 january 2024) the financial conduct authority (fca) made an announcement concerning customer complaints involving motor finance agreements, where a discretionary. The financial conduct authority (fca) says that some customers ‘may have been charged too much’ on car.
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