Martin Lewis has explained what the car finance mis-selling case is as the Supreme Court is set to deliver its verdict. The judgement will be delivered on Friday afternoon, which could pave the way for a massive redress scheme potentially affecting millions. It will rule on a shock Court of Appeal ruling last autumn that all car finance agreements with hidden commission were unlawful. The outcome of the ruling could have major consequences for the industry, with the FCA telling the Supreme Court last year that almost 99 per cent of the roughly 32 million car finance agreements entered into since 2007 involved a commission payment to a broker.

‘This decision could have ramifications across the economy,’ Martin Lewis has warned

‘This decision could have ramifications across the economy,’ Martin Lewis has warned

Verdict could could pave way for millions of motorists to claim compensation for mis-selling

The ruling will have much wider ramifications for the industry and could mean millions of motorists are due compensation

The Supreme Court is set to issue a landmark ruling on whether millions of drivers were mis-sold car loans by banks and motor dealers.

Martin Lewis has explained what the car finance mis-selling case is as the Supreme Court is set to deliver its verdict. The judgement will be delivered on Friday afternoon, which…

The Supreme Court will rule on whether millions of motorists could be entitled to compensation on their hire-purchase agreements signed before 2021

I don’t believe for a second that everyone who took out car finance suffered with buyers’ remorse

Only one motorist will get compensation after judges found his deal was unfair, while most claims were rejected

Money expert says an automatic redress scheme could be introduced by the end of the year

The Supreme Court ruled that hidden commissions from lenders to dealers on car loans were not unlawful

Martin Lewis says there is a ’very high likelihood’ that many people will receive hundreds of pounds in compensation