Porsche 718 Motor Finance - Owner Information | MLJ.org.uk

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Porsche 718 Motor Finance - Owner Information | MLJ.org.uk

Last updated: 27 February 2026

The Porsche 718 was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the Financial Conduct Authority's (FCA) investigation period, which spans from 6 April 2007 to 1 November 2024. This investigation uncovered significant issues with discretionary commission arrangements in motor finance, affecting millions of consumers across the UK.

How the Porsche 718 was Typically Financed

The Porsche 718 is a popular sports car that often comes with a price tag between £15,000 and £30,000. During the FCA investigation period, it was frequently financed through PCP agreements lasting from 36 to 48 months. Common lenders for the Porsche 718 include Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance.

PCP agreements typically involve monthly payments with a final balloon payment at the end of the term. This balloon payment represents a significant portion of the car's value and is often required to be made if the customer wants to own the vehicle outright or upgrade to another model. The terms of these finance agreements can vary, but they generally include provisions for early settlement and mileage limits.

The FCA Motor Finance Investigation

The FCA investigation into motor finance uncovered widespread issues with discretionary commission arrangements. These practices involved car dealerships receiving additional payments from lenders based on the type of finance agreement offered to customers. As a result, millions of consumers were potentially misled about the terms and conditions of their finance agreements.

According to the FCA's estimates, 12.1 million eligible agreements (FCA, March 2026) were affected during this period, with total losses amounting to £7.5 billion (FCA, March 2026). The average loss per customer was approximately £829 (FCA estimate), reflecting significant financial consequences for those who entered into these agreements.

How to Check Your Agreement Look for any references to discretionary commissions or additional payments that may have been made by the lender to the dealership.

Relevant dates are crucial: agreements entered into between 6 April 2007 and 1 November 2024 fall under the FCA's investigation scope. If you notice terms such as "Discretionary Commission Agreement" (DCA) or similar language, it is likely that your agreement was affected by these practices.

How to Complain Directly to Your Lender for Free

If you suspect that your Porsche 718 finance agreement was influenced by the FCA's findings on discretionary commissions, you can complain directly to your lender at no cost. Common lenders such as Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance all have procedures in place to handle complaints related to this issue.

You do not need a claims management company to file a complaint; the process is straightforward and can be managed independently through your lender's customer service channels. By contacting them directly, you can seek clarification about any discrepancies or misunderstandings regarding your finance agreement.

Sources and References

Financial Conduct Authority (FCA). "Motor Finance: Discretionary Commission Arrangements." 2024.
Office for National Statistics (ONS) Census 2021.

Frequently Asked Questions

How many Porsche 718 owners might have been affected by motor finance mis-selling?

While exact figures are not available specifically for Porsche 718 owners, 12.1 million eligible agreements (FCA, March 2026) estimated to be affected by motor finance mis-selling from June 2013 to March 2023 (FCA estimate).

What should I do if I suspect my Porsche 718 finance agreement was mis-sold?

If you believe your Porsche 718 finance agreement might have been mis-sold, it is advisable to review the terms and conditions of your contract carefully. You can complain directly to your lender for free without needing a claims management company.

What are some common signs that my Porsche 718 financing was mis-sold?

Common signs include being pressured into signing an agreement, not fully understanding the terms of the finance deal, or finding out later that other options were available at a better rate. Mis-selling can also involve misleading information about your credit score or repayment ability.

What does the FCA scheme coverd?

The average compensation awarded for mis-sold motor finance agreements is £829 (FCA estimate). However, the actual amount can vary based on individual circumstances and the specifics of your case.

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.