UNDERSTAND WHEN AND HOW TO MAKE AUDI CAR FINANCE CLAIMS

Understand When and How to Make Audi Car Finance Claims

Understand When and How to Make Audi Car Finance Claims

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Bought Audi on Car Finance?


Britishers love Audi!

With its sleek design and powerful engine, Audi offers luxury, comfort, and high performance. It is also known for its advanced features and electric models. Individuals purchase Audi on car finance to ease their financial burden. A hire-purchase (HP) agreement and a personal contract purchase (PCP) agreement are both popular car financing methods. 

If you want to get an Audi on car finance, you should first understand the differences between the two car financing options.

If you opt for an HP contract, you will have

  • Make an initial deposit,

  • Pay fixed monthly payments,

  • Get ownership of the car at the end.


Whereas, if you opt for a PCP contract, you will

  • Make an initial deposit,

  • Pay lowered monthly payments,

  • Get three end-of-term options: retain, return, or exchange the car.


For instance, if you want to retain a car, you will have to make an optional final payment, known as a balloon payment or Guaranteed Minimum Future Value (GMFV). This is a huge lump sum amount and is only due when the customer wants to get ownership of the car at the end of the PCP contract. Otherwise, he has another option to return the car without paying this amount. Likewise, if he wishes to get a new car at the end, he can exchange it for a new PCP contract. These three options are only applicable in a PCP contract. 

So, if you are planning to get an Audi on car finance, understand these two car financing agreements deeply and then make a choice. Usually, people prefer buying cars on PCP contracts. PCP contracts offer much more financial freedom compared to a regular HP deal. But some people get mis-sold on their car financing deals. If you have signed a mis-sold deal for your Audi, you can make Audi car finance claims. 

What’s All About PCP Claims?


PCP claims are based upon mis-sold PCP deals. Individuals who have signed mis-sold PCP contracts can make a mis-selling claim. According to the Financial Conduct Authority (FCA), many customers who signed PCP contracts between 2007 and 2021 complained about hidden commissions that were charged on their deals. Before 2021, lenders and brokers were allowed to make Discretionary Commission Arrangements (DCAs) on the PCP contracts. Some lenders charged excessively high interest rates on PCP deals to increase their profit gains. The customers were not aware of such arrangements, and as a result, they overpaid for their PCP deals. This caused financial and psychological stress to them. Now, thousands of them are applying for refunds on their mis-sold PCP deals. The FCA has banned the practice of DCAs after January 2021. The investigation of the mis-sold PCP contracts is still being processed. However, people regularly file complaints against their lenders, dealers, and brokers for PCP mis-selling. 

In case, you have bought an Audi on PCP finance before 2021, you can be eligible for a PCP refund. You should make an Audi PCP finance claim. If you purchased an Audi on HP finance, you can still make a claim. Some HP contracts were also mis-sold. Thus, you can make Audi car finance claims against your lender if you have a mis-sold car deal.

Furthermore, there are some other reasons for mis-selling as well.

  • Your lender did not disclose the hidden fees or commissions charged on your deal. 

  • He did not mention the total cost breakdown on your PCP contract.

  • He charged high interest rates to increase profit gains.

  • He did not inform you about the final balloon payment.

  • He did not offer the best financial deal suitable for your needs.

  • He did not run a financial check before offering you the deal.

  • He did not inform you about the car’s condition and mileage restrictions.

  • The sales team pressured you to sign the deal immediately.


If your contractor did not provide you with complete details and financial information about the deal, you can make a claim. You can ask for a refund, but you should have a valid reason. 
Thinking About a PCP Refund?

Millions of people are applying for refunds. If you want to make PCP claims Audi you should first go through your PCP contract and identify ambiguities within the contract. If you are not sure on how to proceed, hire the best PCP claims expert to manage your PCP claim process.

PCP claims experts are trained professionals who regularly update themselves on the PCP news and work tirelessly to maximise claim refunds. They will study your PCP contract, check its claim eligibility, and then make a PCP claim request. This is entirely a free-of-cost process until and unless you win a refund. This is a time-consuming and challenging process, but hiring the best PCP claims expert will make everything easy for you. So, do not miss this great opportunity to get your money back. Check the best Audi PCP claims expert in the UK to win your refund.

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