MotoNovo Finance funded PCP and HP agreements for millions of UK car buyers — both new and used vehicles. If you had a MotoNovo agreement between 2007 and 2021, you may have been overcharged through hidden dealer commission.
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MotoNovo Finance is a UK motor finance provider owned by FirstRand Bank Limited, one of South Africa's largest banking groups. MotoNovo specialises in providing PCP and HP finance through a wide network of independent and franchise car dealerships, with a particular focus on the used car market.
Unlike captive finance arms tied to specific car brands, MotoNovo funded agreements for virtually any make and model — from everyday city cars to family SUVs — purchased at dealerships across the UK. This broad reach means a significant number of UK consumers who bought used cars on finance may have agreements with MotoNovo, often without being aware which company actually provided their finance.
FirstRand Bank has provisioned £73 million to cover expected redress payments arising from MotoNovo's use of discretionary commission arrangements (DCAs) between April 2007 and November 2021. If you had a MotoNovo agreement in this period, our free eligibility check will confirm whether you have a valid claim.
You are likely eligible if:
You may not qualify if:
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