Estimate how much car finance compensation you could be owed under the FCA motor finance redress scheme.
Based on typical DCA commission rates for your lender and agreement details.
Our specialist team will verify your exact compensation amount at no cost. No Win No Fee.
Start My Free Check NowDisclaimer: This calculator provides an estimate only, based on publicly available information about typical Discretionary Commission Arrangement (DCA) rates used between 2007 and 2021. Your actual compensation may be higher or lower depending on the specific commission arrangement between your dealer and lender, which is only revealed through the formal claims process. This tool does not constitute financial or legal advice. Past results do not guarantee future outcomes.
The FCA's redress scheme targets hidden Discretionary Commission Arrangements (DCAs) that inflated your car finance interest rate.
Dealers received a secret commission from the lender — typically 3% to 8% of the total credit amount — in exchange for setting a higher interest rate on your agreement.
This hidden commission was built into your interest rate. Over the life of a 36-48 month agreement, you paid significantly more interest than you should have.
In October 2024, the UK Supreme Court ruled in Johnson v FirstRand that undisclosed commissions to dealers were unlawful — confirming consumers are entitled to redress.
Compensation = the commission paid to the dealer plus excess interest, plus 8% statutory interest per year from the date of overpayment. Average claims range from £500 to £4,000+.
Common questions about PCP compensation amounts and calculations
This calculator provides an estimate based on typical DCA commission rates (3%–8%) and publicly available data from FCA reviews. Your actual compensation depends on the specific commission arrangement between your dealer and lender. Some consumers receive more than the high estimate; others less. The only way to get an exact figure is through the formal claims process, which we provide at no upfront cost.
Select "Other / Not Sure" from the dropdown. The FCA's redress scheme covers all motor finance lenders that used Discretionary Commission Arrangements. Even smaller or niche lenders may be affected. When you register your claim with us, we can identify your lender through your credit file.
Yes. Each separate PCP or HP agreement between April 2007 and January 2021 is a separate claim. If you have had multiple cars on finance, run the calculator for each agreement. Many households are owed £2,000–£5,000+ across multiple agreements.
Yes. Older agreements (2007–2015) often had higher commission rates as the market was less regulated. Additionally, statutory interest of 8% per year is calculated from the date of overpayment, meaning older agreements accumulate more statutory interest. A 2010 agreement may yield significantly more compensation than a 2020 agreement of the same value.
An approximate figure is fine for the calculator. The credit amount is typically the car price minus your deposit. For example, if the car was £25,000 and you put down £5,000, the credit amount was approximately £20,000. When you register your formal claim, we obtain the exact figures from the lender through a data access request.
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