Mis-sold car loans - did it happen to me?
If you bought a car as far back as 2007 with a loan organised through your car dealership, you could be eligible for a payout.
The regulator, the Financial Conduct Authority, is consulting on a compensation scheme - and it's thought up to 40% of motorists who entered personal contract purchase (PCP) or hire purchase agreements between 2007 and 2021 will be eligible for a payout.
Niall Paterson talks to Sky's business correspondent Gurpreet Narwan about who might be eligible.
He also speaks to Adrian Dally, director of motor finance at the Finance and Leasing Association, who argues the payout levels look too high at this stage.
Producer: Emily Hulme
Editor: Wendy Parker
Sky News Daily
The Sky News Daily podcast with Niall Paterson brings a deeper look at the big stories - with Sky News correspondents and expert guests.
Every night at 5pm, Niall is joined by the correspondents we have around the UK and across the globe to take a breath and help you get your head around the topics of the day.
We're joined by guests too who can take you through the questions you have about the news.
Less breaking news, more understanding news.
The full story at 5pm.
Email Niall skynewsdaily@sky.uk
- No. of episodes: 1,000
- Latest episode: 2025-08-15
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