Martin Lewis explains how millions could still get car finance payouts after Supreme Court ruling
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.