Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Alexander Butler

Martin Lewis advises patience after Supreme Court car finance ruling

  • Millions of drivers may be due compensation for hidden commission payments in car finance schemes.
  • Money expert Martin Lewis advises patience, suggesting an automatic redress scheme could be implemented by the Financial Conduct Authority by the end of the year.
  • The Supreme Court recently ruled that car finance lenders are only liable for hidden commission payments in the most "unfair" cases.
  • While the Supreme Court allowed appeals from two lenders, it upheld one driver's claim, finding his case unfair and awarding him compensation.
  • Lewis cautioned against engaging claims firms currently, as an automatic scheme would negate the need for their services and prevent unnecessary fees.

IN FULL

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.