The Toyota Supra, a high-performance sports car known for its sleek design and powerful engine, was commonly sold on
Personal Contract Purchase (PCP) and
Hire Purchase (HP) finance agreements during the period covered by the Financial Conduct Authority's (FCA) investigation into motor finance mis-selling practices (6 April 2007 to 1 November 2024). During this time, many Toyota Supra owners entered into these agreements with various lenders, often seeking financing amounts ranging from £15,000 to £30,000. This article explores how the finance for the Toyota Supra was typically structured and what affected owners should do if they suspect their agreement might have been mis-sold.
How the Toyota Supra Was Typically Financed
The Toyota Supra was often financed through Personal Contract Purchase (PCP) agreements that were commonly offered by lenders such as
Black Horse, Barclays Partner Finance,
Close Brothers Motor Finance,
MotoNovo Finance, and
Santander Consumer Finance. PCP terms for a Supra typically ranged from 36 to 48 months, with monthly payments designed to cover the depreciation of the vehicle over this period. These agreements often included balloon payments at the end of the term, which would need to be settled if the customer decided to keep the car or negotiate a new finance deal.
Hire Purchase (HP) agreements were also popular for the Supra, offering another financing option where the borrower pays off the entire cost of the vehicle over an agreed period, usually 36 to 48 months. HP agreements allowed owners to own the car outright at the end of the term without any balloon payments.
The FCA Motor Finance Investigation
The FCA launched an investigation into motor finance mis-selling practices, which revealed significant issues with
discretionary commission arrangements between lenders and their brokers or dealers. These arrangements often resulted in higher-than-necessary finance charges for customers, leading to millions of agreements being potentially affected. According to the FCA's estimates, 12.1 million eligible agreements (FCA, March 2026) impacted by these practices (FCA estimate), with a total estimated loss of £7.5 billion (FCA, March 2026) across all affected borrowers (FCA estimate). The average refund per customer was approximately £829 (FCA estimate).
How to Check Your Agreement Look for details such as the start date and end date of the agreement, which must fall between 6 April 2007 and 1 November 2024 to be eligible for consideration under the FCA’s guidelines. check if your agreement includes a clause mentioning "Discretionary Commission Arrangement" (DCA), as this is indicative of the type of arrangement that could have been mis-sold.
If you believe your Toyota Supra finance agreement was mis-sold and falls within the FCA’s investigation period, it is important to approach your lender directly without involving a
claims management company. Common lenders such as Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance have processes in place for handling complaints regarding potential mis-selling issues.
When lodging a complaint with your lender, provide them with relevant evidence from your finance agreement and any documentation related to the DCA. Lenders are required by law to address these complaints free of charge and without undue delay. It is crucial to follow their specific procedures and timelines to ensure that your claim is processed correctly.
You do not need a claims management company to file a complaint with your lender; you can handle it directly for free.
Sources and References
- Financial Conduct Authority (FCA) estimates
- Office for National Statistics (ONS) Census 2021
Based on 1,359 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Toyota Supra has a pass rate of 89.0%. This is above the national average of 79.6%, meaning the Supra performs well in MOT testing.
The Supra pass rate is better than the overall Toyota average of 82.8%. The average mileage at MOT for this model is 101,411 miles.
- MOT pass rate: 89.0%
- MOT failure rate: 11.0%
- Tests analysed: 1,359 (2024 DVSA data)
- Average mileage at test: 101,411 miles
- Toyota average pass rate: 82.8%
- National average pass rate: 79.6%
Data source: DVSA anonymised MOT test results 2024, published under the Open Government Licence v3.0.