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Home»Automotive»Automobile loans commission case ends, ruling unlikely until the summer
Automotive

Automobile loans commission case ends, ruling unlikely until the summer

Tim RoseBy Tim RoseApril 5, 2025No Comments4 Mins Read
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Car Loans Commission Case Ends, Ruling Not Likely Until The
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The UK’s motor finance industry must wait until the summer to listen to whether the Supreme Court will overturn the notion that lenders and their partner automotive dealerships have been unfair with their customers due to finance commission paid to dealers.

On the close of the third and final day of hearings on the Supreme Court this week, examining appeals lodged by Close Brothers, owner of Close Brothers Motor Finance, and FirstRand Bank, owner of Motonovo Finance, against Court of Appeal rulings, the president of the Supreme Court Lord Reed told the court to not expect a judgement until July at the very least.

“The court is most grateful to all counsel. The case has been thoroughly argued on all sides, and we’re also grateful for the interveners for his or her assistance,” said Lord Reed on the conclusion of the hearing.

“Parties will likely be keen to know when there will likely be a judgement. Well, that is an important judgement, and we cannot rush it. The Court of Appeal took a bit of under 4 months to provide their judgement.

“At that rate, we will likely be producing ours probably sometime in July.

“Loads of it is dependent upon the quantity of agreement or disagreement between the members of the court and the way much internal debate there will likely be. But I feel in case you might hope to see a judgement in July, that will be realistic.”

Earlier the court was told by Robert Weir KC, representing the respondents within the case, that their respondents’ arguments were consistent with the law because it stands and that the Court of Appeal had been right to conclude that claimants were owed a fiduciary duty.

He argued that the motor finance firms involved within the case were were in breach of their fiduciary duty when consumers were signed as much as agreements without their full knowledge or consent that the dealership concerned would earn significant commission.

Weir argued that dealers chosen a single proposed agreement from one lender and recommend only this selection to the claimants. In that way, the dealer was exercising discretion on the client’s behalf and the tort of bribery was engaged.

Weir contested that dealers had not demonstrated an “objective undertaking”.

“The dealer shouldn’t be selling you the automotive. The dealer is agreeing the value with you after which moving to a credit-making journey, saying “I’m going to source and choose a finance agreement with a 3rd party”… there isn’t any doubt that the dealer performs distinct and separate roles.”

Within the Court of Appeal case, the claimants submitted that none of them knew of commissions being paid by lenders to dealers, they usually believed that dealers made their make the most of the sale of the automotive.

If the Close Brothers and FirstRand appeal is unsuccessful, it might result in hundreds of claims from individuals who bought cars through motor finance agreements.

Banks and lenders have put aside a whole lot of tens of millions of kilos in anticipation of the final result.

The final result is so significant to  the broader economy that Chancellor Rachel Reeves made an application to intervene, although this was refused by the court. The Treasury said it wants “a good and proportionate judgement that ensures compensation to consumers that’s proportionate to the losses they’ve suffered, and allows the motor finance sector to proceed playing its role in supporting tens of millions of motorists to own vehicles.”

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Car case commission Ends loans ruling summer
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