The Martin Lewis Podcast 14 million to get mis-sold car finance compensation!
Oct 9, 2025
A new £8.2bn redress scheme could see 14 million people compensated for mis-sold car finance. Martin Lewis breaks down what mis-selling looks like and who qualifies for claims. He advises on how to submit complaints, the importance of doing so promptly, and details about average payouts. Notably, he addresses how to claim for deceased relatives and the nuances of opting out to take cases to court. Plus, he clarifies eligibility of vehicles and provides practical tips on navigating the claims process.
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FCA's New Mass Redress Route
- The FCA has proposed a large, centralized redress scheme that lets people claim without going to court.
- Martin Lewis calls it the easiest mass redress he has seen and likely the quickest route to payment.
The Three Mis-Selling Categories
- There are three main mis-selling 'sins': discretionary commission arrangements, contractual ties, and unfairly high commission.
- Different rules and date ranges apply to each sin, and firms must investigate all three when you complain.
File A Complaint Early To Be Opt-Out
- Put a complaint in before the scheme starts so you are in the opt-out group rather than the opt-in group.
- Wait a month for improved template tools but do complain before the scheme opens in early 2026.