Estimate Your Car Finance Compensation
Updated April 2026 · Interactive calculator
Use this calculator to get a rough estimate of how much compensation you could receive under the FCA Motor Finance Redress Scheme. This is a simplified calculation based on the FCA's APR adjustment methodology.
Important disclaimer
This is an estimate only. Actual compensation depends on the specific commission arrangement, interest rate differential, and other factors that only your lender can determine. Use this as a guide, not a guarantee.
Compensation Calculator
How Is This Calculated?
Our simplified calculation uses the following methodology, based on the FCA's APR adjustment approach:
- Base overpayment: 2% of the total finance amount for each year of the agreement. This represents the approximate excess interest charged due to commission-inflated rates.
- Statutory interest: 8% simple interest per year is added to the base amount, as required by the FCA redress scheme. This compensates you for being without the money.
- Cap: The total is capped at the estimated total interest paid over the life of the agreement, to keep the estimate realistic.
The actual calculation performed by your lender will use the precise commission figures, your exact interest rate, and the specific terms of your agreement. This means your real compensation could be higher or lower than this estimate.
What Affects the Amount?
- Finance amount: Larger loans typically mean larger compensation
- Commission rate: Higher commission means more overcharging
- Length of agreement: Longer agreements accumulate more excess interest
- Time since agreement: The 8% statutory interest adds up over the years
- Type of commission: DCAs typically resulted in higher overcharges than fixed commissions
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Use our free eligibility checker to start your claim. We generate the complaint letter for you.
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