Hidden car finance commission scandal: are you one of millions owed £1,000s?
The Martin Lewis Podcast
BBC
4.4 • 930 Ratings
🗓️ 13 March 2024
⏱️ 66 minutes
🧾️ Download transcript
Summary
This week on the podcast, Martin has been doing some investigating – and millions of people are owed some serious cash in car finance repayments. He shares his step-by-step guide of how to find out if you're one of them. Martin has also been looking at whether you actually are being held in a queue when you call a customer service number. Plus, hear some of the money saving tips that listeners have picked up along the way, that might just help your wallet too. Martin Lewis is the founder of Money Saving Expert, but other sites exist.
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:04.7 | Hello, I'm Martin Lewis, and this is the cunningly named The Martin Lewis Podcast. |
| 0:10.0 | I do wonder what that's going to be about. |
| 0:12.1 | Now, usually much of it comes from my BBC Radio 5 live show with Nahal Arthur Nyaka, |
| 0:16.2 | but there's bonus money-saving tips just for you lucky, lucky podcast listeners. |
| 0:23.9 | In today's pod, a huge new reclaiming campaign, a systemic scandal about hidden car finance commission. Millions of people |
| 0:31.4 | are owed billions of pounds. This is likely to be the second biggest payback in UK history. Only PPI was bigger. Over 10 billion pounds may be due. And if you bought a motor vehicle on finance before the 21st of January 2021, you could be one of those people due to get thousands of pounds back. We're going to dedicate |
| 0:55.3 | the show to talking you through everything you need to know. We do also have the tellers, |
| 1:00.3 | though, too. Tell us one thing about money that shocks you that people don't do. It's fascinating |
| 1:04.8 | what fiscal bugbears people wanted to get off their chests. I've got a first time buyer's |
| 1:09.1 | mastermind and bad news on council tax and water bills, |
| 1:13.4 | but hopefully a way to beat it. |
| 1:15.8 | Play the theme tune. |
| 1:19.7 | I got bills. |
| 1:22.1 | I got to pay. |
| 1:24.0 | So I'm going to work for it. |
| 1:27.3 | I got a lot. I got the world. I got a lot. |
| 1:28.9 | I got to feed. |
| 1:31.6 | So I'm going to make sure everybody is. |
| 1:35.5 | Okay. |
| 1:36.0 | Let's get into this big topic first, Martin. |
| 1:38.8 | Okay. |
... |
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