Aston Martin car finance in Cambridgeshire has been affected by the mis-selling scandal that began on 6 April 2007 and continued until 1 November 2024. This period saw many residents of Cambridgeshire, a county with a population of approximately 678,000 (ONS Census 2021), potentially affected by the mis-selling of PCP and HP car finance agreements for their luxury Aston Martin vehicles.
Aston Martin Car Finance in Cambridgeshire
Cambridgeshire residents who purchased an Aston Martin on hire purchase (HP) or personal contract purchase (PCP) finance may have been impacted by the motor finance mis-selling scandal. Common lenders that provided these financing options included major banks and financial institutions such as Barclays, Santander, and RBS. According to estimates from the FCA, 12.1 million eligible agreements (FCA, March 2026) across the UK during this period (FCA estimate), with an estimated £7.5 billion (FCA, March 2026) total mis-sold (FCA estimate) and an average of £829 per customer (FCA estimate). This suggests that around 64071 residents in Cambridgeshire may have been affected by motor finance mis-selling (ONS/FCA estimate).
How Cambridgeshire Residents Can Check Their Aston Martin Finance Agreement
To determine if their car finance agreement was mis-sold, Cambridgeshire residents should review the terms and conditions of their financing contract. Key elements to examine include the interest rates, fees, and any additional costs associated with the loan. Additionally, it is important to note the date on which the agreement was signed and whether there were any changes in commission structures that might have affected the overall cost of the finance deal. For example, a common issue was the use of discretionary commission arrangements (DCA) by lenders, which allowed them to charge excessive fees to dealerships, ultimately increasing the costs for consumers.
Complaining to Your Lender for Free
Cambridgeshire residents who suspect that their Aston Martin car finance agreement may have been mis-sold can complain directly to their lender without needing a claims management company. The process typically involves gathering evidence and documentation such as loan agreements, payment receipts, and any correspondence with the lender or dealership. Once this information is compiled, it should be submitted in writing to the lending institution outlining why you believe your finance agreement was mis-sold.
If your complaint is not resolved by the lender, you can escalate it to the Financial Ombudsman Service (FOS) for free and impartial resolution. The FOS provides a fair and independent service that helps consumers resolve disputes with lenders at no cost. It's important to note that complaining directly to your lender or using the services of the FOS is completely free, and you do not need a claims management company.
Sources and References
- Office for National Statistics (ONS) Census 2021
- Financial Conduct Authority (FCA) estimate: 12.1 million eligible agreements (FCA, March 2026)
- Financial Conduct Authority (FCA) estimate: £7.5 billion (FCA, March 2026) total mis-sold (FCA estimate)
- Financial Conduct Authority (FCA) estimate: £829 average per eligible agreement per customer (FCA estimate)
Aston Martin Finance Claims in Cambridgeshire
With a population of approximately 680,000, an estimated 142,089 motor finance agreements in Cambridgeshire may have been affected by discretionary commission arrangements (FCA estimate). Eligible motor finance agreements run from 6 April 2007 to 1 November 2024 (FCA, March 2026).
Aston Martin Safety Recalls
Aston Martin has had 80 safety recalls across 17 models, according to the DVSA Vehicle Safety Branch. The most recalled models are: Vantage (16 recalls), Db9 (9 recalls), Dbs (8 recalls), Dbx707 (6 recalls), Db7 (6 recalls). Check if your Aston Martin has an outstanding recall.