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BMW ramps up redress cover as UK lenders and captives brace for claims
Yahoo Finance· 2025-09-23 14:10
BMW UK’s finance arm has sharply increased the amount it has provisioned to meet potential compensation claims arising from the UK car loan mis-selling scandal. Accounts filed at Companies House, as reported by The Times, show a provision of £206.9 million by the end of 2024, up from £70.3 million a year earlier, highlighting the growing financial implications for captive lenders. The mis-selling issue deals with undisclosed commission arrangements paid to car dealers, including discretionary commission s ...