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MotoNovo motor finance claims

MotoNovo Finance is part of FirstRand Bank (via Aldermore Group). If you financed a vehicle through MotoNovo between 2007 and 2024, your agreement may fall within the FCA's redress scheme.

What to know about MotoNovo claims

MotoNovo Finance is a specialist motor finance lender, part of the FirstRand Group. It provided finance through franchised and independent dealerships across the UK. MotoNovo is one of the lenders in scope for the FCA motor finance redress scheme and agreements from the 2007 to 2024 review period may be eligible.

MotoNovo has set aside £750 million for motor finance redress. Raised from an initial £510 million following publication of the FCA's final scheme rules in March 2026. FirstRand has stated the provision greatly outweighs the £275 million in profits recorded by its motor finance division over the previous decade.

Central to the Supreme Court judgment [2025] UKSC 33. The lead case, Johnson v FirstRand Bank (trading as MotoNovo Finance), involved a commission representing 55% of the total cost of credit that was not disclosed to the customer. The Supreme Court ordered repayment of the full commission (£1,650.95) plus interest.

MotoNovo was the lender in the lead Supreme Court case, in which a commission representing 55% of the total cost of credit was found not to have been disclosed to the customer.

Current scheme status

Decided not to challenge the scheme following lack of participation from other major lenders. FirstRand is seeking an orderly transfer of ownership of Aldermore Group and MotoNovo. Redress liability transfers with the business.

Note: FirstRand, MotoNovo's parent company, has announced plans to exit the UK motor finance market and is seeking an orderly transfer of ownership of Aldermore Group and MotoNovo Finance. This does not affect your rights as a customer. Redress liability transfers with the business, and MotoNovo agreements remain fully within scope of the FCA's scheme.

MotoNovo agreements by vehicle make

Read more about how the scheme applies to specific car makes financed through MotoNovo.

Not sure which make to pick?

You don't need to. Start your eligibility check and we'll trace any MotoNovo agreements linked to you, including ones you may have forgotten.

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