Cost of living correspondent
Getty ImagesPeople mis-sold finance agreements when buying cars could wait months for a decision on whether they should receive compensation.
A decision by judges at the Court of Appeal has blown open an ongoing saga into hidden commission payments, with buyers possibly in line for payouts totalling billions of pounds.
But the higher Supreme Court has now agreed to hear an appeal against the decision.
The Financial Conduct Authority (FCA) has also allowed motor finance providers extra time to deal with complaints.
Lawyers acting for motorists say this could further delay compensation which should be paid to car buyers who may not have given their informed consent for the commission payments.
Who may be in line for payouts?
The vast majority of new cars, and many second-hand ones, are bought with finance agreements.
About two million are sold this way each year, with customers paying an initial deposit, then a monthly fee with interest for the vehicle.
In a complicated, and long-running, series of developments, many of these agreements have come…
