The BMW M4 was commonly sold on
Personal Contract Purchase (PCP) and
Hire Purchase (HP) finance agreements during the Financial Conduct Authority’s (FCA) investigation period from 6 April 2007 to 1 November 2024. Many individuals financed their BMW M4 through these schemes, often with large sums ranging from £15,000 to £30,000, and now wonder if they were subject to mis-selling practices during this period.
How the BMW M4 was Typically Financed
The BMW M4 was typically financed on a Personal Contract Purchase (PCP) or Hire Purchase (HP) basis. For PCP agreements, customers would pay monthly instalments over terms ranging from 36 to 48 months and often have an option to return the vehicle at the end of the term or make a final balloon payment to own it outright.
Common lenders for financing BMW M4s include
Black Horse, Barclays Partner Finance,
Close Brothers Motor Finance,
MotoNovo Finance, and
Santander Consumer Finance. These agreements frequently included
discretionary commission arrangements where dealers could receive additional payments from lenders when customers selected certain finance products, potentially incentivising them to push higher-cost deals over more affordable alternatives.
The FCA Motor Finance Investigation
The FCA’s investigation into motor finance mis-selling uncovered that 12.1 million eligible agreements (FCA, March 2026) by inappropriate discretionary commission arrangements (FCA estimate). These practices led to consumers paying an average of £829 more on their car loans than they should have, adding up to a total of £7.5 billion (FCA, March 2026) across all affected customers (FCA estimate).
How to Check Your Agreement Look for specific language mentioning discretionary commission arrangements or DCA (Discretionary Commission Arrangements). If you find such wording, it’s a strong indicator that you might have been subject to mis-selling.
consider the dates of your agreement. Any agreements signed between 6 April 2007 and 1 November 2024 should be scrutinised for potential issues. Ensure you understand if there were any incentives or additional payments made to dealers that influenced the terms offered to you.
If you suspect your BMW M4 finance agreement was mis-sold, you do not need a
claims management company; instead, you can complain directly to your lender at no cost. Common lenders like Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance all have dedicated customer service teams that handle complaints.
When initiating your complaint, gather evidence such as contract documents, communication logs with the dealer, and any relevant correspondence with your finance provider. Provide a detailed account of how you believe the agreement was mis-sold and include any additional costs or charges that seem unjustified based on the FCA investigation findings.
You can complain directly to your lender for free without incurring any extra fees or needing to hire an external claims management company.
Sources and References
- Financial Conduct Authority (FCA). "Motor Finance: Discretionary Commission Arrangements," 2024.
- Office for National Statistics (ONS) Census. 2021.
Based on 11,410 MOT tests conducted in 2024 (source: DVSA anonymised test data), the BMW M4 has a pass rate of 89.2%. This is above the national average of 79.6%, meaning the M4 performs well in MOT testing.
The M4 pass rate is better than the overall BMW average of 84.8%. The average mileage at MOT for this model is 42,021 miles.
- MOT pass rate: 89.2%
- MOT failure rate: 10.8%
- Tests analysed: 11,410 (2024 DVSA data)
- Average mileage at test: 42,021 miles
- BMW average pass rate: 84.8%
- National average pass rate: 79.6%
Data source: DVSA anonymised MOT test results 2024, published under the Open Government Licence v3.0.