Yes, you can potentially claim mis-selling on multiple car finance agreements financed through the same company, even if taken out at different times. Here's why:
Each Agreement Assessed Individually:
Mis-selling claims are assessed on a case-by-case basis. This means each car finance agreement, even with the same company, will be evaluated based on its own circumstances.
Focus on Mis-Selling Practices:
The key is to demonstrate mis-selling occurred in each instance. This could involve:
Multiple Claims Can Strengthen Your Case:
Important Points to Remember:
Taking Action:
Remember:
If you believe you were mis-sold car finance on multiple occasions with the same company, explore your options for reclaiming compensation. Gather evidence and consider seeking professional guidance to strengthen your case.
Each Agreement Assessed Individually:
Mis-selling claims are assessed on a case-by-case basis. This means each car finance agreement, even with the same company, will be evaluated based on its own circumstances.
Focus on Mis-Selling Practices:
The key is to demonstrate mis-selling occurred in each instance. This could involve:
- Lack of Transparency: The salesperson failed to disclose all fees or explain the implications of the loan on your budget.
- Unsuitable Add-Ons: You were pressured into unnecessary add-ons like GAP insurance that wasn't relevant to your needs.
- Unaffordable Loan: The loan terms were unsuitable for your financial situation.
Multiple Claims Can Strengthen Your Case:
- Pattern of Mis-Selling: If you can demonstrate a pattern of mis-selling practices by the same company across multiple car finance agreements, it could strengthen your overall claim.
- Increased Potential Compensation: If successful with each claim, the total compensation amount could be significant.
Important Points to Remember:
- There's no guarantee of success. The burden of proof lies with you to demonstrate mis-selling and the financial losses incurred.
- Time limits might apply for claiming mis-sold car finance, so act promptly.
Taking Action:
- Gather evidence for each car finance agreement, such as the agreements themselves, emails, or recordings of phone calls.
- Consider contacting a claims management company specialising in mis-selling or Citizens Advice for guidance:
- Citizens Advice: https://www.citizensadvice.org.uk/
- If your claims are rejected, you can refer them to the Financial Ombudsman Service for free, independent mediation: https://www.financial-ombudsman.org.uk/
Remember:
If you believe you were mis-sold car finance on multiple occasions with the same company, explore your options for reclaiming compensation. Gather evidence and consider seeking professional guidance to strengthen your case.
