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Fiat Finance Claim — 500, Tipo [2026]

Last updated: 26 February 2026

Is Fiat Finance Affected by the FCA Review?

The Financial Conduct Authority (FCA) has conducted a review of Personal Contract Plans (PCPs) and Hire Purchase (HP) agreements, which affects millions of car finance deals across various brands. As a result of this review, all PCP and HP agreements for Fiat vehicles financed through dealerships between 6 April 2007 and 1 November 2024 are eligible for redress.

The FCA found that about 12.1 million agreements were mis-sold, with a total value of £7.5 billion. This means if you purchased or leased a Fiat vehicle under these terms during this period, the FCA-estimated scheme average is £829 per eligible agreement.

Which Fiat Models Are Affected?

All popular Fiat models financed via PCP or HP agreements are affected by the FCA review. This includes:

Fiat 500: A compact city car known for its retro design and affordability.
Fiat Tipo: A small family hatchback offering practicality and comfort.
Fiat Panda: A budget-friendly city car designed for urban environments.
Fiat Punto: Another compact car popular among young drivers and families alike.
Fiat Ducato: A versatile van model used in various commercial applications.

How Much Compensation Could You Get For Your Fiat?

The average compensation for affected PCP or HP agreements is £829. However, the exact amount the FCA-estimated scheme average is £829 per eligible agreement.

How to Complain About Your Fiat Finance

If you believe your Fiat finance agreement was mis-sold, follow these steps:

Identify Your Lender: Check the paperwork you received at the time of financing. The lender could be Stellantis Finance (the parent company’s captive finance arm) or a third-party financier like Black Horse, Santander, or MotoNovo.
Contact the Lender Directly: Write to your lender explaining that you believe your agreement was mis-sold and request compensation under the FCA review guidelines. Provide any relevant documentation supporting your claim.
Allow Time for Response: Your lender should respond within 8 weeks of receiving your complaint. If they do not, escalate your case to the Financial Ombudsman Service (FOS).
Contact the FOS if Necessary: If you have exhausted all avenues with your finance provider and still believe your rights were violated, contact the FOS for further assistance.

Fiat Finance Lenders

When purchasing a Fiat vehicle on PCP or HP through a dealership, the financing can come from several sources:

Stellantis Finance (formerly Fiat Chrysler Finance Europe): This is the captive finance arm of Stellantis, offering financing solutions directly to Fiat buyers.
Black Horse: A subsidiary of Lloyds Banking Group that often finances new and used cars from various manufacturers, including Fiat.
Santander: One of the largest retail banks in the UK, Santander also offers car financing options for Fiat vehicles.
MotoNovo Finance Limited: A specialist vehicle finance provider catering to a wide range of brands and models, including Fiat.

Two FCA Schemes and Deadlines

The FCA has established two schemes based on the timeline:

Post-2014 Scheme Deadline: June 2026: This applies to agreements made after April 2014.
Pre-2014 Scheme Deadline: August 2026: For agreements made before this date.
Complaint Deadline: August 2027: You have until the end of this period to lodge a complaint with your finance provider or the Financial Ombudsman Service.

Do You Need a Claims Management Company?

No, you do not need a claims management company. Complaining directly to your lender is free and straightforward. If you follow the steps outlined above, you can submit your claim without incurring any fees or signing up with third-party companies.

By understanding these details about Fiat car finance mis-selling and the FCA redress scheme, you can take proactive steps towards receiving fair compensation for any potential mis-selling issues. Remember to act promptly within the specified deadlines to ensure your rights are protected.

FCA Compensation: FCA Scheme Figures

The FCA confirmed on 30 March 2026 that 12.1 million motor finance agreements are covered by the FCA redress scheme. The FCA-estimated scheme average of £829 per eligible agreement per agreement, with a total of £7.5 billion set aside for consumers. The scheme covers PCP and HP agreements entered into between 6 April 2007 and 1 November 2024.

Two separate schemes apply: post-2014 agreements (implement by 30 June 2026) and pre-2014 agreements (implement by 31 August 2026). The final deadline to complain is 31 August 2027. You can complain to your lender directly for free. You do not need a claims management company.

Fiat MOT Pass Rate — 2024 Data

Across 834,599 MOT tests in 2024, Fiat vehicles have an overall pass rate of 77.2%. This is close to the national average of 79.6%. DVSA data covers 170 Fiat models with sufficient test volume.

Overall pass rate: 77.2%
Total MOT tests (2024): 834,599
Models with data: 170
National average: 79.6%

Best Fiat models for MOT pass rate

Fiat Benimar: 93.7% pass rate (587 tests)
Fiat 500 Dolcevita Mhev: 93.5% pass rate (4,372 tests)
Fiat Auto Trail: 93.0% pass rate (9,114 tests)
Fiat Adria: 92.9% pass rate (732 tests)
Fiat Swift: 92.9% pass rate (5,720 tests)

Fiat models with lowest MOT pass rate

Fiat Stilo: 67.8% pass rate (875 tests)
Fiat Bravo: 67.5% pass rate (6,204 tests)
Fiat Sedici: 67.2% pass rate (1,272 tests)
Fiat Scudo: 67.1% pass rate (9,232 tests)
Fiat Multipla: 64.5% pass rate (983 tests)

Fiat MOT Reliability Trend (2022-2024)

Fiat MOT pass rates have declined slightly, from 78.1% in 2022 to 77.2% in 2024 (-0.9 percentage points).

2022: 78.1% pass rate (960,687 tests)
2023: 77.8% pass rate (964,377 tests)
2024: 77.2% pass rate (834,599 tests)

Based on 2,759,663 MOT tests across three years (DVSA open data).

Data source: DVSA anonymised MOT test results 2024, Open Government Licence v3.0.

Frequently Asked Questions

What should I do if I suspect I was mis-sold a Fiat car finance agreement?

If you believe you were mis-sold a Fiat car finance agreement, first review your contract and any communication from the lender. You can complain directly to your lender for free to seek clarification or resolution.

How common is it for Fiat customers to be affected by motor finance mis-selling?

Mis-selling of motor finance agreements has been a widespread issue, affecting millions of consumers across the UK. As of (FCA estimate), 12.1 million eligible agreements (FCA, March 2026) have been impacted since April 2007.

What are some signs that my Fiat car finance agreement might be mis-sold?

Signs of mis-selling can include being pushed towards a high-interest loan when a cheaper alternative was available, lacking full disclosure about the terms and costs, or feeling pressured into signing without proper understanding.

Is it necessary to use a claims management company if I suspect my Fiat car finance agreement was mis-sold?

No, you do not need a claims management company. You can handle your complaint directly with the lender for free and seek independent legal advice if needed.

Important: MLJ.org.uk is an independent information resource. We are not a claims management company, solicitor, law firm, or financial adviser. We do not process claims, take fees, or provide advice. Where the law gives you a right to complain or claim directly (to a lender, council, FOS, court, or regulator), you can do so without paying a third party. MLJ.org.uk is operated by Copious Ltd, registered in England and Wales, company number 11437826.