Mitsubishi L200 Motor Finance - Owner Information | MLJ.org.uk

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Mitsubishi L200 Motor Finance - Owner Information | MLJ.org.uk

Last updated: 27 February 2026

The Mitsubishi L200 was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the Financial Conduct Authority’s (FCA) investigation period, which ran from 6 April 2007 to 1 November 2024. This period saw a significant number of motor finance agreements being made with discretionary commission arrangements that may have led to mis-selling practices.

How the Mitsubishi L200 was Typically Financed

The Mitsubishi L200, a versatile pick-up truck, was frequently financed through PCP and HP agreements during its peak sales years. Typical finance amounts ranged from £15,000 to £30,000, with most consumers opting for terms of 36 to 48 months. Common lenders providing finance for the L200 included Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance. Under PCP agreements, customers would make monthly payments and have an option at the end of the term to either return the vehicle or buy it outright by making a final balloon payment. This final payment could be higher than expected due to mis-selling practices that inflated residual values.

The FCA Motor Finance Investigation

The FCA launched an investigation into motor finance agreements made from 6 April 2007 to 1 November 2024, focusing on discretionary commission arrangements between lenders and dealers. These arrangements allowed dealers to receive payments based on the type of agreement chosen by customers, potentially leading to incentivised mis-selling practices. The FCA estimated that 12.1 million eligible agreements (FCA, March 2026) during this period (FCA estimate), with a total value of £7.5 billion (FCA, March 2026) and an FCA-estimated scheme average of £829 per eligible agreement per customer (FCA estimate). The investigation highlighted concerns about how dealers might have influenced customers to take out more expensive or unsuitable finance options.

How to Check Your Agreement Look for any mention of discretionary commissions (DCA) and check the dates on which your agreement began. If your agreement started between 6 April 2007 and 1 November 2024 and includes DCA terms, it may be eligible for a complaint.

You can also contact your lender directly to enquire about whether your finance agreement was part of the FCA investigation. Common lenders include Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance. These lenders have systems in place to handle customer complaints related to the FCA investigation.

How to Complain Directly to Your Lender for Free

If you suspect that your Mitsubishi L200 finance agreement was mis-sold due to discretionary commission arrangements, it is important to understand your rights and how to proceed. You do not need a claims management company; instead, you can file a complaint directly with your lender at no cost. Common lenders such as Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance have dedicated teams to handle complaints related to the FCA investigation. By contacting them directly, you can provide evidence of mis-selling practices and seek redress without incurring additional fees. You can complain directly to your lender for free and do not need a claims management company (CMS). This approach allows you to maintain control over the process while seeking fair compensation based on the evidence you gather.

Sources and References

Financial Conduct Authority (FCA) estimates from 2024.
Office for National Statistics Census data from 2021.

Mitsubishi L200 MOT Pass Rate

Based on 80,860 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Mitsubishi L200 has a pass rate of 79.1%. This is close to the national average of 79.6%, meaning the L200 performs about average in MOT testing.

The L200 pass rate is in line with the overall Mitsubishi average of 79.8%. The average mileage at MOT for this model is 92,799 miles.

MOT pass rate: 79.1%
MOT failure rate: 20.9%
Tests analysed: 80,860 (2024 DVSA data)
Average mileage at test: 92,799 miles
Mitsubishi average pass rate: 79.8%
National average pass rate: 79.6%

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

Frequently Asked Questions

What are common issues related to motor finance for Mitsubishi L200 vehicles?

Common issues include mis-selling practices such as failing to provide full disclosure of terms and conditions, charging excessive interest rates, or offering unnecessary add-ons that do not benefit the borrower. These practices can lead to financial difficulties for consumers (FCA estimate).

How many Mitsubishi L200 owners might have been affected by motor finance mis-selling?

It is difficult to pinpoint an exact number, but given that there are 12.1 million eligible agreements (FCA, March 2026) involving motor finance in the UK (FCA estimate), a significant portion of those could include Mitsubishi L200 owners who may have experienced mis-selling practices.

What steps should I take if I suspect my motor finance agreement for my Mitsubishi L200 was mis-sold?

You can complain directly to your lender for free and request a review of the terms under which your finance agreement was arranged. This process allows you to seek redress without incurring additional costs or needing to involve external parties.

Are there financial implications if my Mitsubishi L200 motor finance agreement was mis-sold?

Mis-selling can lead to unnecessary expenses, such as paying higher interest rates than necessary or being charged for products you did not need. The average compensation claim in cases of mis-selling is around £829 (FCA estimate).

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.