The Ford Ranger Raptor, known for its robust performance and off-road capabilities, 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. This vehicle, which falls under the van category despite its SUV-like appearance, was often financed through various lenders who offered a range of financial products that may have been part of the FCA’s scrutiny.
How the Ford Ranger Raptor Was Typically Financed
The Ford Ranger Raptor is typically financed with Personal Contract Purchase (PCP) or Hire Purchase (HP) agreements. During the investigation period, customers could obtain finance for amounts ranging from £20,000 to £45,000, often over terms of 36 to 60 months. Common lenders providing finance for this model include
Black Horse,
Lombard,
Close Brothers Motor Finance, and Hitachi Capital Vehicle Solutions.
Under PCP agreements, customers typically make monthly payments while also securing a final balloon payment at the end of the term, which can be used to purchase or return the vehicle. This structure provides flexibility but requires careful consideration of the residual value and potential costs associated with the final payment.
The FCA Motor Finance Investigation
The FCA’s investigation into motor finance uncovered significant issues related to
discretionary commission arrangements (DCAs). These arrangements allowed lenders to pay dealers a portion of the interest earned on loans, potentially incentivizing them to recommend certain products that may not have been in the customer's best interests. As a result, millions of agreements were affected, with an estimated 12.1 million eligible agreements (FCA, March 2026) impacted and over £7.5 billion (FCA, March 2026) in total mis-sold finance (FCA estimate). On average, customers lost around £829 per agreement due to these practices.
How to Check Your Agreement Agreement Terms: Look for clauses mentioning discretionary commission arrangements (DCAs) or any references indicating that a dealer received additional payments based on the interest rate or loan amount.
2.
Relevant Dates: Your finance agreement must have been signed between 6 April 2007 and 1 November 2024 to be eligible under the FCA investigation criteria.
3.
DCA Indicator: If your agreement specifies that a dealer received additional payments based on the interest rate or loan amount, it likely falls under the scope of the investigation. You can also check if your lender has issued any notifications about refunds for affected customers.
If you suspect that your Ford Ranger Raptor finance agreement was mis-sold due to DCA practices, you do not need a
claims management company to handle the complaint. You can complain directly to your lender at no cost:
- Black Horse: Review their guidelines and submit a formal complaint through their website or customer service.
- Lombard: Follow their process for handling complaints, which typically involves submitting detailed information about your agreement and any issues you have encountered.
- Close Brothers Motor Finance: Use their online form or contact them directly to initiate the complaint procedure.
- Hitachi Capital Vehicle Solutions: They provide a clear process for addressing customer concerns and will require documentation of your finance agreement.
You can complain directly to your lender for free, and you do not need a claims management company. Lenders are required by law to address complaints fairly and promptly.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics (ONS) Census 2021
Based on 124,304 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Ford Ranger has a pass rate of 80.5%. This is close to the national average of 79.6%, meaning the Ranger performs about average in MOT testing.
The Ranger pass rate is better than the overall Ford average of 78.3%. The average mileage at MOT for this model is 79,940 miles.
- MOT pass rate: 80.5%
- MOT failure rate: 19.5%
- Tests analysed: 124,304 (2024 DVSA data)
- Average mileage at test: 79,940 miles
- Ford average pass rate: 78.3%
- National average pass rate: 79.6%
Data source: DVSA anonymised MOT test results 2024, published under the Open Government Licence v3.0.