BMW Financial Services and Alphera Finance are both part of BMW Group's UK lending arm. If you financed a BMW, MINI, or any other brand through Alphera at a dealership between 2007 and 2021, you may be owed significant compensation.
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BMW Financial Services is the captive finance arm of BMW Group UK, providing PCP, HP, and lease agreements for BMW and MINI vehicles sold at authorised dealerships. Alphera Finance is BMW Group's multi-brand finance product, offering PCP and HP for a wide variety of makes including Ford, Vauxhall, Toyota, and many others through a network of approved dealerships.
Between April 2007 and November 2021, both BMW Financial Services and Alphera Finance used discretionary commission arrangements (DCAs) — allowing dealers to set the interest rate on finance agreements within a permitted range. Dealers were financially incentivised to charge the highest permissible rate, as their commission was directly linked to the interest rate they applied, without any requirement to disclose this to the customer.
BMW Group's UK financial services entities have collectively provisioned £207 million to cover expected compensation payments. This covers both BMW Financial Services and Alphera Finance agreements affected by undisclosed DCAs during the qualifying period.
You are likely eligible if:
You may not qualify if:
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