The Toyota Yaris has been a popular choice for UK drivers since its introduction, with many opting to purchase the vehicle through
Personal Contract Purchase (PCP) or
Hire Purchase (HP) finance agreements. During the period from 6 April 2007 to 1 November 2024, numerous Toyota Yaris models were sold on these types of contracts as part of a wider trend in the automotive industry.
How the Toyota Yaris Was Typically Financed
The Toyota Yaris was commonly financed through PCP and HP agreements with amounts ranging from £15,000 to £30,000. The typical terms for these agreements were between 36 to 48 months. Common finance providers offering loans for the Yaris included
Black Horse, Barclays Partner Finance,
Close Brothers Motor Finance,
MotoNovo Finance, and
Santander Consumer Finance.
PCP agreements often include a balloon payment or Guaranteed Minimum Future Value (GMFV) at the end of the term, which represents an estimate of what the car will be worth when the agreement ends. This can affect how much customers owe if they decide to buy the car outright or trade it in for another vehicle.
The FCA Motor Finance Investigation
During the period from 6 April 2007 to 1 November 2024, a significant investigation by the Financial Conduct Authority (FCA) uncovered widespread mis-selling practices within motor finance agreements. One of the key findings was that many car dealers and lenders were involved in
discretionary commission arrangements, where commissions could be adjusted based on the deal terms agreed between parties. These practices may have led to customers being sold inappropriate or overly expensive finance packages.
The FCA estimates that 12.1 million eligible agreements (FCA, March 2026) were affected by these issues across this period, with a total of £7.5 billion (FCA, March 2026) in overpayments and mis-selling issues identified (£829 average per eligible agreement per agreement; FCA estimate). These figures highlight the extent to which consumers may have been impacted.
How to Check Your Agreement Look specifically for terms such as "discretionary commission," "DCA" (Discretionary Commission Arrangement), or any indication that commissions were adjustable based on deal terms. These are red flags that could indicate issues with the way your finance was arranged.
ensure that you check if your agreement specifies a high interest rate compared to other loans available at the time, or if it includes unnecessary add-ons such as
GAP insurance without clear justification for their inclusion.
If you believe your Toyota Yaris finance agreement may have been mis-sold, you can directly contact the lender that provided the financing. Common lenders for Toyota vehicles include Black Horse, Barclays Partner Finance, Close Brothers Motor Finance, MotoNovo Finance, and Santander Consumer Finance.
When making a complaint, provide detailed information about why you believe your agreement was inappropriate or unfair. Include copies of relevant documents, such as your finance agreement, and any correspondence with the dealership that initially provided the finance.
you do not need a
claims management company to handle this process for you. You can complain directly to your lender for free and seek compensation if appropriate.
Sources and References
- Financial Conduct Authority (FCA) investigation into motor finance agreements (2024)
- Official Statistics from the Office of National Statistics (ONS Census 2021)
By following these steps, consumers can take proactive measures to address any potential mis-selling issues with their Toyota Yaris finance agreement.
Based on 450,295 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Toyota Yaris has a pass rate of 81.2%. This is close to the national average of 79.6%, meaning the Yaris performs about average in MOT testing.
The Yaris pass rate is in line with the overall Toyota average of 82.8%. The average mileage at MOT for this model is 67,933 miles.
- MOT pass rate: 81.2%
- MOT failure rate: 18.8%
- Tests analysed: 450,295 (2024 DVSA data)
- Average mileage at test: 67,933 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.