The McLaren Artura, a high-performance sports car introduced in 2021, 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. The FCA investigation uncovered significant issues related to discretionary commission arrangements that affected millions of car buyers, including those who financed their McLaren Artura through various lenders.
How the McLaren Artura was Typically Financed
McLaren Arturas were often sold on PCP agreements with typical finance amounts ranging from £15,000 to £30,000. Common lenders for this model included
Black Horse, Barclays Partner Finance,
Close Brothers Motor Finance,
MotoNovo Finance, and
Santander Consumer Finance. Under a typical 36-48 month PCP term, customers would make monthly payments while retaining the option to either pay off the balloon payment at the end of the agreement or return the car.
Hire Purchase (HP) agreements were also used for financing McLaren Arturas. HP terms generally involved higher monthly payments and no balloon payment at the end of the contract period. This meant that customers would own the vehicle outright upon completion of their HP agreement, provided all loan repayments had been made on time.
The FCA Motor Finance Investigation
The FCA launched an investigation into discretionary commission arrangements in motor finance agreements due to concerns about potential mis-selling practices. Discretionary commissions were payments made by lenders to car dealers for recommending specific financing products. These arrangements could have influenced the advice given to customers, leading them to choose more expensive finance deals than necessary.
During the investigation period, it was found that 12.1 million eligible agreements (FCA, March 2026) were affected by these discretionary commission practices. The total value of these agreements amounted to £7.5 billion (FCA, March 2026) (FCA, March 2026).
If your agreement includes a DCA, it may indicate that you were potentially mis-sold your finance deal due to the influence of discretionary commissions paid by lenders to dealers. You should also check for any unusual fees or charges that might not have been clearly explained at the time of purchase.
If you suspect that your McLaren Artura was financed through a mis-sold agreement, you can complain directly to your lender without needing to use a
claims management company. Common lenders associated with McLaren Arturas include Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance.
When contacting your lender, provide detailed information about the finance agreement and any concerns you have regarding discretionary commission arrangements or other issues related to mis-selling practices. The process is free of charge and can help you understand if there were any unfair terms in your financing deal that could entitle you to a refund.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics (ONS) Census, 2021