“There are potentially tens of billions of pounds at stake in this case. Regardless of who wins, the end result is likely to be that consumers will ultimately be worse off.”
Comment from Stuart Masson, Editorial Director of The Car Expert on the Supreme Court’s forthcoming hearing on car finance mis-selling, which is due to take place in April 2025.
“The Supreme Court case on car finance mis-selling is set to be one of the most significant legal decisions in recent financial history. With the hearing scheduled for early April [2025], attention is escalating rapidly as various interested parties lobby to influence public perception – perhaps hoping the judges themselves are tuned in.
“The car finance sector is critical to the functioning of the broader car industry. Simply put, without car finance there is no car industry. So this case, and the ongoing investigation into the car finance sector, are hugely important. This is not only to ensure there’s fairness for consumers who may have been mis-sold in the past, but also competitive and affordable finance in the future. That’s an almost impossible task.
“There are potentially tens of billions of pounds at stake in this case, and regardless of who wins, the end result is likely to be that consumers will ultimately be worse off.
“In recent months, the lower courts and the Court of Appeal have ruled in favour of consumers, and I’d be surprised if the Supreme Court deviates from those previous decisions. However, this story has taken several twists and turns over the last year so no-one’s quite sure how everything is going to pan out.
“One thing we can be fairly sure about, though, is that consumers are going to be shelling out for the cost of this for years to come.
“There are potentially tens of billions of pounds at stake in this case. Regardless of who wins, the end result is likely to be that consumers will ultimately be worse off.”
Comment from Stuart Masson, Editorial Director of The Car Expert on the Supreme Court’s forthcoming hearing on car finance mis-selling, which is due to take place in April 2025.
“The Supreme Court case on car finance mis-selling is set to be one of the most significant legal decisions in recent financial history. With the hearing scheduled for early April [2025], attention is escalating rapidly as various interested parties lobby to influence public perception – perhaps hoping the judges themselves are tuned in.
“The car finance sector is critical to the functioning of the broader car industry. Simply put, without car finance there is no car industry. So this case, and the ongoing investigation into the car finance sector, are hugely important. This is not only to ensure there’s fairness for consumers who may have been mis-sold in the past, but also competitive and affordable finance in the future. That’s an almost impossible task.
“There are potentially tens of billions of pounds at stake in this case, and regardless of who wins, the end result is likely to be that consumers will ultimately be worse off.
“In recent months, the lower courts and the Court of Appeal have ruled in favour of consumers, and I’d be surprised if the Supreme Court deviates from those previous decisions. However, this story has taken several twists and turns over the last year so no-one’s quite sure how everything is going to pan out.
“One thing we can be fairly sure about, though, is that consumers are going to be shelling out for the cost of this for years to come.