Can I claim for mis-sold motorbike finance?

Can I make a finance claim for my motorbike?

Yes, you can. While this claim is commonly referred to as a ‘car finance claim’, it also applies to other vehicles bought with a finance agreement. This means you can claim on several types of vehicles such as:

• Vans
• Cars
• Boats
• Caravans
• Motor homes
• Planes

Any vehicle finance agreement made before January 2021 could be eligible if there was discretionary commission taken by the lender. This means that you can still make a claim if the vehicle is paid off, or on behalf of a loved one who has passed away.

Why can I only claim for finance agreements from before January 2021?

In January 2021, the Financial Conduct Authority (FCA) banned discretionary commission arrangements.

The FCA has described a discretionary commission arrangement as an arrangement between lenders and brokers which allowed the broker to change the interest rates offered to customers. The banning of these discretionary arrangements stopped lenders allowing brokers to increase interest rates on finance agreements.

Vehicle finance claims are based on the discretionary commission arrangements which would not have been included in finance deals after January 2021 due to the ban.

How to make a motorbike finance claim?

Making a mis-sold finance claim requires your old finance agreement which you can find using our portal.

We operate on a No Win No Fee basis. This means it costs you nothing upfront to join. If your claim is successful, we will take a pre-agreed percentage as our fee. If we do not win your claim, there will be no cost to you.

Taking out a car finance agreement is a significant commitment, and if you have not been given the information and transparency you need to make the right choice, you are entitled to make it right.

You can make a vehicle finance claim online or call us on 0330 041 5869