14 million to get mis-sold car finance compensation!
The Martin Lewis Podcast
BBC
4.4 • 929 Ratings
🗓️ 9 October 2025
⏱️ 59 minutes
🧾️ Download transcript
Summary
Martin Lewis takes you through the mis-selling of car finance after the regulator launched its plans for a mass £8.2bn redress scheme – where 14 million people could get compensation. He explains why it’s being paid, how much you could get, if you could get it, what you need to do to get it, should you go to court, can you claim for deceased relatives, and loads more.
This is an emerging situation so listen for updates future podcasts! If you’ve got a burning question for Martin’s Question Time podcast, send an email to MartinLewisPodcast@bbc.co.uk - it can be about absolutely anything you want, within reason!
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:05.7 | Hello, I'm Martin Lewis, and this is the cunningly named The Martin Lewis Podcast. |
| 0:11.4 | I do wonder what that's going to be about. |
| 0:13.7 | Now, usually much of it comes from my BBC Radio 5 live show with Adrian Childs, |
| 0:17.9 | but there's also bonus money-saving tips just for you, lucky, lucky podcast listeners. |
| 0:22.9 | Play the theme tune. |
| 0:38.4 | There is only one story in town today when you live in my world. I got to feed. So I'm going to make sure everybody eats. |
| 0:42.9 | There is only one story in town today when you live in my world, and that is car finance misselling, reclaiming 14 million car finance arrangements are said to have been missold. |
| 0:49.3 | It's going to be an average payout of £700 per person. |
| 0:53.4 | It's going to affect huge swathes of people across the |
| 0:56.7 | country. And what people want to know from me is, will I get it? Why will I get it? How much |
| 1:02.9 | will I get? And what do I have to do? And I hope to answer all that and more over the next |
| 1:09.1 | hour. Okay. You've got two for the price of one here today. Yeah. This is Robin to your Batman. Well, yeah, exactly. Well, this is Rosie who is on my team and who does car finance with me. And because this is such a new and complicated subject, I brought Rosie into the studio to live fact check me. So if I get anything technical wrong, she's going to kick me under the table and |
| 1:28.9 | give me a quick note to say, actually, it's this, because this is all brand new. And it's huge and very complicated. Can I just say hello to Rosie? I won't ask for anything. Hello, Rosie. Hello. There you go. What's he like to work with? No, I'm joking. If you need kicking, can you just give me the nod |
| 1:43.4 | and then I'll do the kicking. |
| 1:44.7 | Okay. |
| 1:45.2 | You're allowed that after mastermind, I think it's fair. |
| 1:47.7 | Okay. You're allowed that after Mastermind, I think it's fair. Okay. And I should, I suppose there's another caveat I will do on that. We've just learnt all this. We are still, you know, there's one bit of information that I had been saying that is different this morning. It is changing all the time. We're not fully there yet. |
| 2:01.5 | So we've dotted it as many eyes and crossed as many T's as we can. |
| 2:05.3 | There is still a little bit of riddle room to be given here. |
| 2:08.4 | Okay. |
| 2:08.9 | So, right, I've got lots of listener questions and get all information we need. |
... |
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