Martin Lewis: Millions Could Be Owed Thousands in Car Finance Refunds – Here's What You Need to Know
2025-05-14
Manchester Evening News
- Potential Refunds: Millions of car finance customers in Ireland and the UK could be due a significant refund, potentially up to £1,100 or more, following a landmark Supreme Court ruling.
- Undisclosed Commission Issue: The case centres around whether car dealerships were required to disclose commissions they received from lenders when selling finance agreements. Many believe these commissions weren't properly declared, impacting the interest rates customers paid.
- Eligibility: The ruling primarily affects those who took out car finance agreements *before* 2021. However, the precise eligibility criteria are still being clarified.
- Martin Lewis's Guidance: Consumer champion Martin Lewis is urging affected individuals to check their eligibility and gather any relevant documentation. He's providing ongoing updates and advice through MoneySavingExpert.com.
- What to Do Now: Don't rush to submit claims just yet. The Supreme Court's final decision is expected soon, and further guidance will be needed. However, it’s crucial to start gathering information about your car finance agreements.
