According to the FCA estimates, approximately 133718 residents in South Yorkshire may have been affected by mis-selling of car finance agreements between 6 April 2007 and 1 November 2024. The population of South Yorkshire is around 1,415,000 (ONS Census 2021), making it a significant market for Ford cars financed through Personal Contract Purchase (PCP) or Hire Purchase (HP). Many residents in this area have likely entered into car finance agreements with Ford dealerships using these popular methods.
Ford Car Finance in South Yorkshire
South Yorkshire residents commonly purchase their Ford vehicles on PCP and HP financing plans. These arrangements are often facilitated by major lenders such as Santander, Lloyds Bank, and RAC Finance, who work closely with Ford dealerships to offer competitive finance options. The popularity of these schemes can be attributed to the flexibility they provide, allowing customers to manage their budgets more effectively while enjoying the benefits of driving a new car.
How South Yorkshire Residents Can Check Their Ford Finance Agreement
If you suspect that your Ford car finance agreement might have been mis-sold, it is crucial to review the terms and conditions thoroughly. Key aspects to look for include any hidden fees or charges, early repayment penalties, and the overall cost of credit. Additionally, pay attention to the APR (Annual Percentage Rate) offered by your lender and compare it with other available options in South Yorkshire. It is also important to note that the mis-selling period covers agreements made from 6 April 2007 to 1 November 2024.
Complaining to Your Lender for Free
If you believe your Ford car finance agreement was mis-sold, you can complain directly to your lender at no cost. This process is straightforward and does not require the involvement of a claims management company or solicitors. To start this process, gather all relevant documentation related to your finance agreement, including loan agreements, payment receipts, and any correspondence with your lender. You should then contact your lender's customer service department to formally submit your complaint.
When making your complaint, clearly outline why you believe the car finance agreement was mis-sold. For instance, if you were misled about the costs involved or did not fully understand the terms of the contract, this information can be crucial in supporting your case. The Financial Ombudsman Service (FOS) provides guidance and support for consumers during this process, ensuring that disputes are resolved fairly.
It is important to remember that you do not need a claims management company to handle your complaint. Complaining directly to the lender allows you to maintain control over the process while avoiding additional fees associated with third-party services.
Sources and References
- FCA estimates: 12.1 million eligible agreements (FCA, March 2026) (FCA, 2024)
- Total mis-selling figure: £7.5 billion (FCA, March 2026)
- FCA-estimated scheme average per eligible agreement: £829
- South Yorkshire population: 1,415,000 (ONS Census 2021)
Ford Finance Claims in South Yorkshire
With a population of approximately 1,400,000, an estimated 292,537 motor finance agreements in South Yorkshire 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).
Ford Safety Recalls
Ford has had 867 safety recalls across 63 models, according to the DVSA Vehicle Safety Branch. The most recalled models are: Transit (103 recalls), Kuga (103 recalls), Focus (70 recalls), Transit Custom (69 recalls), Ranger (48 recalls). Check if your Ford has an outstanding recall.