Has anyone got money from MIS sold car finance?
Yes — people have actually seen money from mis-sold car finance deals, though experience varies widely. Car finance commission mis-selling has dominated UK headlines and social feeds. BMW’s UK finance arm has set aside about £200 million to cover potential redress for alleged car-finance mis-selling linked to discretionary commission arrangements. If you took BMW finance (PCP or HP) between 2007 and 2021, you could be owed compensation for hidden/discretionary commissions and inflated interest.
How much is the average payout for MIS sold car finance?
Anyone eligible could receive an average of around £700 for each agreement. Find out who could get compensation, what you need to do next and why you should avoid claims management companies and law firms. Typical compensation around £700 per eligible agreement. Serious cases may receive full commission recovery plus interest, where commissions were very high and the legal tests are met. Overall scale up to £8.