The Maserati GranTurismo was commonly sold on
Personal Contract Purchase (PCP) and
Hire Purchase (HP) finance agreements during the period from 6 April 2007 to 1 November 2024, which has come under scrutiny by the Financial Conduct Authority (FCA). This investigation revealed significant issues within motor finance practices that could have impacted many Maserati GranTurismo owners who financed their vehicle purchases through these methods.
How the Maserati GranTurismo was Typically Financed
The Maserati GranTurismo, a luxurious sports car, is often financed through PCP and HP agreements. During its popular years on the market, typical finance amounts for a GranTurismo ranged from £15,000 to £30,000. Common lenders providing financing included
Black Horse, Barclays Partner Finance,
Close Brothers Motor Finance,
MotoNovo Finance, and
Santander Consumer Finance.
For PCP agreements, terms typically lasted between 36 and 48 months with a balloon payment due at the end of the term to either purchase or return the vehicle. The balloon payment is often a significant portion of the car's residual value, which can be challenging for some owners if they decide to return the car rather than buy it outright.
The FCA Motor Finance Investigation
The FCA launched an investigation into
discretionary commission arrangements within motor finance agreements, leading to findings that affected 12.1 million eligible agreements (FCA, March 2026) from April 2007 through November 2024 (FCA estimate). These investigations revealed that some lenders and dealerships had been profiting from undisclosed commissions at the expense of consumers. The total amount mis-sold has been estimated at £7.5 billion (FCA, March 2026), with an FCA-estimated average of £829 per eligible agreement.
How to Check Your Agreement Key indicators include:
- Relevant Dates: If your financing was arranged between 6 April 2007 and 1 November 2024.
- DCA Markings: Look for any mention of "Discretionary Commission Arrangement" (DCA) in the documentation provided by your lender.
These factors can help you identify whether your finance agreement may have been impacted by the mis-selling practices that the FCA uncovered.
If you believe your Maserati GranTurismo finance agreement was affected, it is important to gather all relevant documentation and evidence before contacting your lender. Common lenders for Maserati include Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance. You can complain directly to these lenders without the need for a
claims management company.
When making your complaint, provide detailed information about your finance agreement, any discrepancies you have identified, and evidence of mis-selling practices that affected your agreement. Keep records of all correspondence with your lender throughout the process. Remember, it is crucial to address issues promptly as there are time limits within which complaints must be filed for them to be valid.
You do not need a claims management company; you can handle this process yourself without incurring additional costs or fees.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics Census, 2021
Based on 1,571 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Maserati Granturismo has a pass rate of 83.8%. This is above the national average of 79.6%, meaning the Granturismo performs well in MOT testing.
The Granturismo pass rate is in line with the overall Maserati average of 85.6%. The average mileage at MOT for this model is 45,191 miles.
- MOT pass rate: 83.8%
- MOT failure rate: 16.2%
- Tests analysed: 1,571 (2024 DVSA data)
- Average mileage at test: 45,191 miles
- Maserati average pass rate: 85.6%
- National average pass rate: 79.6%
Data source: DVSA anonymised MOT test results 2024, published under the Open Government Licence v3.0.