How much could I get from a PCP claim?

In short: The FCA estimates average redress of around £830 per eligible agreement under its March 2026 final scheme rules. That is a scheme-wide FCA average, not a Total Claim average and not a guarantee. Some agreements will pay more, some less, and some will not qualify at all. Broad payouts are not yet flowing: the FCA confirmed in May 2026 that the scheme is under legal challenge.

This is the most sensitive question we get asked, so we would rather be precise than aspirational.

What “approximately £830” actually means

The FCA’s March 2026 final policy statement estimates average redress of £829 per eligible agreement, which consumer guidance rounds to around £830. The same statement estimates 12.1 million eligible agreements and around £7.5 billion in total redress at the FCA’s expected uptake.

That figure is:

• A scheme-wide average across all eligible agreements.
• A guide to the overall scale of the FCA scheme.
• Drawn from rules that are currently subject to legal challenge.

That figure is not:

• A Total Claim average.
• An amount you are guaranteed to receive.
• A floor, a ceiling, or a prediction for your individual case.

For wider context on how the scheme works, see our FCA redress scheme explainer.

What will actually determine your payout

The FCA’s redress methodology weighs several inputs:

• The commission element. What the dealer received for setting your rate above the lender’s base rate.
• The interest cost differential. The extra interest you paid over the life of the agreement because of that inflated rate.
• The length of the agreement. A four-year deal accrues more interest than a two-year deal.
• The vehicle value at finance. A larger principal produces a larger absolute commission.
• Interest on redress. Calculated at the annual average Bank of England base rate plus 1%, with a minimum of 3% per year.
• Caps within the methodology. In around 1 in 3 cases, compensation is capped so the consumer is not put in a better position than fair treatment would have achieved.

In broad terms, a higher-value agreement on a higher APR, signed earlier in the affected window and held for longer, tends to attract more redress than a smaller, shorter, later agreement. For background on which agreement types fall in scope, read our DCA explainer.

Why we won’t quote you a specific amount today

A firm that promises a specific compensation figure today is usually doing one of two things:

1. Quoting the FCA average as if it were your case. It is a scheme-wide number, not a personal estimate.
2. Ignoring eligibility and the methodology caps. The scheme can pay more, less, or nothing depending on the agreement.

Here is what we are willing to say:

• The FCA’s scheme-wide average is around £830 per eligible agreement.
• Individual outcomes will vary under the FCA methodology.
• We can identify your potentially eligible agreements today.
• We will not quote a specific figure for your individual claim.

The FCA itself has been clear that no firm should be advertising “guaranteed compensation” amounts. Treat any such claim as a red flag.

How multiple agreements stack

If you have had more than one eligible PCP or HP agreement, each is assessed as a separate claim with its own redress calculation. Two agreements does not mean exactly double — but it does mean two separate potential outcomes if both qualify.

This is one reason the soft search step matters: it surfaces agreements you may have forgotten about, including ones with lenders you no longer use.

Our fee structure if your claim succeeds

If your claim succeeds, our success fee is 18% to 36% (including VAT), deducted from the settlement. The exact rate within that band depends on the size of the claim and is set out in the Terms of Business you sign before any work begins. If your claim fails, you pay nothing.

You can also complain free of charge by contacting your lender directly, and you can escalate to the Financial Ombudsman Service for free if the lender rejects your complaint. The FCA has warned that some claims management companies and law firms charge more than 30%, so it is worth checking the fee on any agreement you sign.

For help deciding whether to act now or wait for the scheme to settle, see our timing guide.

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The £830 figure in this article is the FCA’s rounded scheme-wide average redress estimate under its March 2026 final motor finance redress scheme rules. It is not a guaranteed amount, not a current Total Claim average, and not a prediction of any individual outcome. No outcome is guaranteed.