Motorpoint, a nationwide car dealership, has sold numerous Abarth vehicles on various financing plans such as Personal Contract Purchase (PCP) and Hire Purchase (HP). Although Motorpoint may not currently stock Abarth models, many consumers purchased these distinctive Italian sports cars through the dealer between 6 April 2007 and 1 November 2024. The Financial Conduct Authority (FCA) estimates that around 14 million car finance agreements were affected by unfair practices during this period, totalling £8.2 billion in mis-sold contracts with an average claim value of £700.
Abarth Finance at Motorpoint
When you purchase a new or used Abarth from Motorpoint on PCP or HP terms, the dealer arranges the finance agreement through a lender but does not provide it directly. This arrangement often includes
discretionary commission arrangements (DCAs), where dealers can earn additional income based on how they structure deals with lenders. These DCAs may have led to higher interest rates and fees for consumers compared to what could be obtained from other sources, affecting many Abarth buyers who financed their vehicles through Motorpoint or similar dealer groups.
Finding Your Lender
To identify the lender responsible for your car finance agreement at Motorpoint, carefully review the documentation provided upon completion of your purchase. This includes your credit application, loan offer letter, and any other paperwork signed during the transaction process. The name of the lender will typically be listed prominently in these documents. If you are unable to locate this information or need further assistance, consider contacting Motorpoint directly for clarification.
If you believe your Abarth finance agreement was mis-sold due to unfair practices such as excessive fees and hidden commissions, the first step is to
complain directly to your lender. You do not need a
claims management company; instead, follow the lender’s complaint procedure outlined on their website or in your finance documents. The lender should provide you with a formal response within eight weeks of receiving your complaint.
Sources and references
- Financial Conduct Authority (FCA) estimates: 14 million agreements affected, £8.2 billion total, £700 average claim value.
- Motorpoint operates UK-wide as a car dealership.