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Martin Lewis warns vehicle owners could be owed thousands of pounds


Martin Lewis warns millions of drivers they could be due payout

Martin Lewis has warned millions of drivers they could be due a payout for unfair car finance commission.

Speaking on his ITV show on Tuesday, 6 February, the MoneySavingExpert founder explained how a percentage of car finance deals before 28 January 2021 had “discretionary commission arrangements”, allowing dealers to change interest offered to customers and increase their commission - a practice that was later banned by the Financial Conduct Authority.

A new investigation means that overpaid interest is given back to anyone who is affected, Lewis explained - meaning millions of drivers could be getting money back.

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