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My PCP Claim

Santander · Volvo

Volvo finance with Santander

Check whether your Volvo agreement arranged through Santander between 2007 and 2024 is eligible under the FCA's Consumer Redress Scheme.

Takes under 60 seconds. No documents needed. No win, no fee*.

About Santander

Santander has set aside £640 million for motor finance redress. Set aside across three separate provisions: an initial £295 million, increased by £166 million in February 2026, and a further £179 million following PS26/3 publication in March/April 2026. Santander holds approximately 9.4% of the UK motor finance market.

No Supreme Court involvement. Santander accepted the FCA scheme in late April 2026, describing the decision as "finely balanced", it had previously called on the government to intervene in the scheme and delayed publication of its Q3 2025 financial results due to uncertainty.

Santander is one of the UK's largest motor finance lenders and is considered to have had significant DCA exposure across its book during the period before the FCA ban in January 2021.

Current scheme status

Accepted scheme; not challenging. Focusing on implementation.

Volvo and motor finance

Volvo is a premium mainstream brand in the UK, known for safety and Scandinavian design; above-average agreement values and strong PCP penetration throughout the scheme period.

PCP was dominant across the Volvo range, with Volvo Car Financial Services active through franchised dealers. Above-average agreement values mean commission disclosure failures may attract above-average redress in eligible cases.

Volvo's premium mainstream positioning drove PCP-dominant finance throughout the scheme period, with average agreement values consistently above the mainstream market. Values ranged from approximately £20,000 on a V40 to £58,000 on an XC90. Volvo Car Financial Services operated through the franchised dealer network with high finance penetration, and the premium agreement sizes mean undisclosed commission had a meaningful financial impact in eligible cases.

Common Volvo models in scope

  • Volvo XC60

    Volvo's bestselling UK model for most of the scheme period; consistently strong PCP volumes with above-average agreement values throughout multiple generations.

  • Volvo XC90

    Volvo's flagship large SUV; one of the higher-value agreements in the premium mainstream segment, commission exposure in eligible cases may be correspondingly significant.

  • Volvo XC40

    Launched in 2018, the XC40 rapidly became Volvo's second-bestselling UK model; predominantly sold on PCP with above-average agreement values through to the scheme end date.

  • Volvo V60

    Volvo's premium estate; sold consistently on PCP with above-average agreement values throughout the scheme period.

  • Volvo V90

    Volvo's flagship estate launched in 2016; above-average agreement values, predominantly sold on PCP during the latter part of the scheme period.

  • Volvo S60

    Volvo's premium saloon; sold on PCP throughout the scheme period with above-average agreement values.

  • Volvo V40

    Volvo's compact premium hatchback sold from 2012 to 2019; PCP was the dominant purchase route throughout its production run within the scheme period.

Are you eligible?

You may be eligible to claim against Santander if all of the following apply:

  • You took out a PCP or HP motor finance agreement between 6 April 2007 and 1 November 2024.
  • The finance was arranged through a UK dealer or broker, on a regulated agreement.
  • The agreement was for a car, van or motorcycle for personal use.
  • You can identify yourself, we can trace the agreement details on your behalf.

What makes an agreement eligible?

  • A Discretionary Commission Arrangement (DCA) was in place and was not properly disclosed to you. Under a DCA, the dealer could increase your interest rate to earn a larger commission from the lender without telling you.
  • The commission paid to the dealer was unusually high — amounting to at least 39% of the total cost of credit and 10% of the loan — and was not properly disclosed.
  • There was a contractual tie giving the lender exclusivity over your finance, which was not made apparent to you.

What you could receive

The FCA has confirmed the average payout under the scheme is £829 per agreement. Individual outcomes vary depending on the size of your agreement, the commission charged, and how long the finance ran. If you financed more than one vehicle through Santander, each agreement can be assessed.

How it works

  1. 1

    Tell us your basics

    Enter your name and a few details. We do not need finance documents to start, our team will trace historic agreements on your behalf.

  2. 2

    We assess your agreements

    We check what we find against the FCA scheme criteria and tell you which agreements are likely in scope, including any you may have forgotten.

  3. 3

    We pursue the right route

    Where the scheme offers the best outcome, we run it for you. Where independent litigation could produce a better result, we say so honestly and explain why.

Ready to check your Volvo agreement with Santander?

Takes under 60 seconds. No documents needed. No win, no fee*.

Frequently asked questions

Did Santander use Discretionary Commission Arrangements on Volvo finance?
Like most motor finance lenders operating before the FCA ban in January 2021, Santander used commission arrangements with dealers across its book. If your Volvo finance agreement was arranged through Santander before that date, there is a real possibility a commission arrangement affected what you paid.
Which Volvo models are covered?
Any Volvo agreement financed through Santander between 2007 and 2024 may be in scope, including models such as XC60, XC90, XC40, V60, V90, S60 and V40. Eligibility depends on the specific agreement, not the model.
Can I do this myself?
Yes. You can contact your lender directly to make a complaint, or refer your claim to the Financial Ombudsman Service (FOS) yourself for free. The FCA's Consumer Redress Scheme is also designed to be accessible without legal representation.
Will making a claim affect my credit score?
No. Making a claim will not affect your credit score. This is a separate process from your credit history.
Do I need to find old paperwork?
No documents are required to get started. We can trace your finance agreements using basic personal details.
What if my lender has been taken over or has exited the market?
This is common for agreements going back to 2007. If the original lender has been acquired, merged, rebranded, or has exited the market, the successor firm typically inherits liability for historic agreements. We handle this on your behalf.

Related information

Financed a car between 2007 and 2024?

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