Millions who bought a car pre-2021 could be due a payout as mis-selling investigation launched

dunstonh

andyc11111 said:

I've had a response from BMW Finance this morning as follows:

'We can confirm that a fixed commission was paid to the retailer and the interest rate on your agreement was set by us, not the retailer.  Therefore we can reassure you the fixed commission had not impacted on your interest rate'

it then goes on to say that my enquiry has been closed.

Any ideas what I should do next or just leave things for now?

They have answered your question and confirmed no DCA was payable (which is the expected outcome for most BMW finance).     Therefore the DCA issue does not apply to you.

Griffindog

Put it somewhere safe. Martin Lewis said last week that there might be further claims in the future even if you didn’t fall under the discretionary commission rate claims.