Cost of living correspondent
BBCA case to determine whether millions of motorists are in line for compensation will be heard by the UK’s most senior judges this week.
A Court of Appeal judgement last year sent shockwaves through the car finance sector, when it ruled that hidden commission payments to dealers were unlawful.
Companies claim they did nothing wrong, and said they await much-needed clarity from the Supreme Court judges.
Lenders, including major banks, have set aside huge sums of money as millions of people who bought new and used cars on finance could potentially make a claim for hundreds of pounds.
When Marcus Johnson bought a car, a dealer received £1,650 – a quarter of the amount the 34-year-old, from Cwmbran, Torfaen, borrowed in total.
Mr Johnson said that when he bought a blue Suzuki Swift in 2017 he simply did not know that the commission had been paid, although the lender said he had signed a document.
“I bought it as a little run-around, to get back and forth from work and to take my family out at the…
