Tue, 07 Oct 2025

Tue, 07 Oct 2025 Payouts of £700 per claim after car finance scandal

Lenders could pay out £8.2bn in compensation, which is less than the FCA had previously estimated.

* £8.2bn: estimated total payout by lenders
* £700: average compensation per motor finance agreement
* 44%: proportion of motor finance agreements made since 2007 that will be eligible for payouts
* 14 million: number of motor finance agreements between April 2007 and November 2024
* £950: previously estimated average compensation per deal (not applicable)
* £8.2bn: estimated total payout by lenders
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