Can I claim mis-selling on multiple car finance agreements financed through the same company over time?
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:
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:
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.