# Drivers may get compensation offers before car finance saga ends

- URL: https://talkfuse.com/story/drivers-may-get-compensation-offers-before-car-finance-saga-ends/
- Published: 2026-11-03T11:56:31+00:00
- Updated: 2026-11-03T23:06:43+00:00
- Original publisher: BBC Business (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/cqrky5nxxn4po?at_medium=RSS&at_campaign=rss
- Topics: Business

## Key points

- Barclays is starting early compensation offers for some drivers.
- Around 12 million car loans may qualify for redress.
- Accepting an offer means giving up future claims through the scheme.

## Summary

Barclays will begin offering some drivers early compensation for mis-sold car finance, ahead of a legal challenge to the Financial Conduct Authority’s proposed redress scheme. The FCA welcomes early offers if customers are not given a worse deal than under its scheme, but says most claimants will need to wait for the court case.

The challenge is due to be heard in February, and compensation through the central scheme is unlikely before late next year. Around 12 million loans taken out between April 2007 and November 2024 may qualify, with average payouts estimated at about £829 and total industry costs reaching £9.1bn. Drivers who accept an early offer can keep it, but cannot later claim more through the scheme or seek further Financial Ombudsman input.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.