Victims of car finance mis-selling will likely get less than £950 per deal under a compensation scheme proposed by the financial regulator, with the first payouts expected next year.
The Supreme Court ruled on Friday that hidden commissions from lenders to dealers on car loans were not unlawful, meaning millions of motorists will not be able to claim.
However, the judgement left open the possibility of compensation claims for particularly large commissions which the Supreme Court said were unfair.
Following the ruling, the Financial Conduct Authority (FCA) has said it will consult on running a payout scheme - estimated to cost between £9bn and £18bn.
The FCA said it is "hard to estimate precisely at this stage the total cost to industry of the scheme", but it is understood that millions could be eligible.
