An estimated 517,954 residents in Yorkshire and The Humber may be affected by motor finance mis-selling, particularly those who financed their Hyundai cars through Personal Contract Purchase (PCP) or Hire Purchase (HP) agreements between 6 April 2007 to 1 November 2024. This area, home to a population of approximately 5,481,000 according to the ONS Census 2021, has seen many residents in Yorkshire and The Humber opt for car finance when purchasing their Hyundai vehicles.
How Can Residents Finance Their Hyundai Cars in Yorkshire and The Humber?
Hyundai car finance in Yorkshire and The Humber often involves popular financing options such as Personal Contract Purchase (PCP) or Hire Purchase (HP). These agreements are commonly provided by major lenders like Santander, Volkswagen Financial Services (VWFS), and Hyundai Motor Finance. Many residents choose PCP due to its lower monthly payments and the option to return the car at the end of the agreement.
How Can You Check Your Hyundai Car Finance Agreement in Yorkshire and The Humber?
Residents who financed their Hyundai cars through car finance need to review their agreements carefully for any potential mis-selling issues. Key dates to look out for include the start date, when interest rates were applied, and the balloon payment due at the end of a PCP agreement. Additionally, residents should check if there was a
discretionary commission arrangement (DCA) involved in the financing process.
If you suspect that your Hyundai car finance agreement may have been mis-sold, you can
complain directly to your lender without needing a
claims management company. Follow these steps:
- Gather Documentation: Collect all relevant documents such as your loan agreement, correspondence with the lender, and any evidence of mis-selling.
- Review Terms and Conditions: Understand the terms and conditions of your finance agreement, focusing on interest rates, payment schedules, and end-of-term options.
- Contact Your Lender: Reach out to your lender directly to express your concerns. Explain that you believe there may have been a breach in regulatory standards during the sale of your car finance agreement.
- Follow Up with Written Complaints: If the issue is not resolved through initial contact, submit a formal written complaint outlining all details and supporting evidence.
It's important to remember that many residents affected by motor finance mis-selling are entitled to redress without involving claims management companies (CMCs). You do not need a CMC; you can handle this process yourself for free. The Financial Ombudsman Service (FOS) provides guidance on how to complain effectively and ensures fair treatment from your lender.
Sources and References
- Office of National Statistics (ONS), Census 2021
- Financial Conduct Authority (FCA), 2024
- Financial Ombudsman Service (FOS), Regulatory Guidance
Hyundai Finance Claims in Yorkshire and The Humber
With a population of approximately 250,000, an estimated 52,238 motor finance agreements in Yorkshire and The Humber 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).
Hyundai Safety Recalls
Hyundai has had 132 safety recalls across 58 models, according to the DVSA Vehicle Safety Branch. The most recalled models are: Santa Fe (18 recalls), I30 (10 recalls), Sonata (6 recalls), Tucson (6 recalls), Tucson Nx4E (6 recalls). Check if your Hyundai has an outstanding recall.