Stephensons Trustpilot stars
Based on count 1198
View all reviews

Classic & prestige car repossession - compensation claims

In the past 6 years, have you had a classic or prestige car repossessed by a finance company? This could be due to a hire purchase agreement or regulated consumer credit agreement? Did you pay more than one third of the total price of the goods under the agreement?

If you have answered yes to the above, did the finance company have a court order to take the car from you?  If no, then you could be entitled to a significant amount of compensation.

If you think that this could apply to you, you might be able to challenge the repossession of your car and get compensation. Call us on 01616 966 229 or click here to fill in our online car repossession questionnaire, for an assessment of your case. Once we have assessed your case, we may be able to offer a 'no win no fee' agreement.

loading staff

Did the finance company have a court order?

If your finance company did not have a court order to repossess the car, and took it without you consent, then you may have a claim for compensation. We have also acted in cases where consent was obtained under false pretences or threat of violence.

Under section 90 Consumer Credit Act 1974, if you have paid more than one third of the total amount of the goods under the agreement, then your car becomes protected goods. This means that your lender has to issue proceedings at court, to obtain a court order against you, forcing you to return the car.  

If they do not do this and took the car anyway you could be entitled to a release from liability under the agreement. This means that you will not owe them any more, and more importantly, you could be entitled to compensation from them equivalent to a refund of all of the sums that you paid under the agreement. This would include any proceeds of sale that they have received from selling the car after they repossessed it.

You will need a copy of your credit agreement and a full statement of account, for us to assess your case.

4.6out of 10
4.6 score on Trustpilot Based on count 1198

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Removal of unsafe cladding - will leaseholders be liable for the costs?

In June 2017 the country watched as flames ripped through Grenfell Tower, destroying peoples’ homes. There is no doubt that it was a horrific incident which led to 72 deaths and many more injured. Everyone living in the block of flats lost...

Read more

Twitter block 1 tweet

SolicitorsLLP

One of the most common injuries is also the most likely to be misdiagnosed

A small broken bone in the wrist, or more specifically a scaphoid fracture, is one of the most common injuries suffered by men and women of all ages. Yet despite its popularity this treatable injury is also the most likely to be missed or is...

Read more

Dispute resolution reorder

  • Liam Waine
  • Joanne Ellis
  • Claire Richardson
  • Martin Haisley