Johnson’s Supreme Court Case Looms: Car Finance Lenders Rush to Safeguard Billions

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Cheltenham, 23 January 2025 – A landmark Supreme Court case is set to shake up the UK car finance industry, potentially leading to a £43 billion reckoning. The case, Johnson v. FirstRand Bank Ltd, brings to light widespread allegations of hidden commissions in Personal Contract Purchase (PCP) agreements, leaving consumers to bear the financial burden of undisclosed costs. At the heart of the…

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