A Personal approach to finance

What is

A Hire Purchase agreement lets you spread the cost of your vehicle over a fixed period. Black Horse will buy the vehicle on your behalf. Once you have paid any initial deposit, the remaining balance plus interest is then paid back over an agreed period.

Whether it's a reliable family estate or a sturdy 4x4 or a sports car, we can help you buy it. Or if you prefer two wheels rather than four, or your home away from home, we also finance motorcycles and caravans. Finance is available on new or used vehicles.


  • Your Black Horse dealer will help you find the type of vehicle you would like. You can borrow any amount from £2,000 for new and used vehicles. Payment terms are available from 1 to 5 years.



  • An initial deposit

    When you're starting out, you will need to agree an initial deposit. Flexible deposit options are available. 0% deposit may be available subject to status.

    Monthly payments

    Your monthly payments will be set at a fixed interest rate.

    How long do you have to pay it?

    The term of your finance agreement will be based on what you decide with your Black Horse dealer. Repayments terms are available from 1 to 5 years.

    When do I own the vehicle?

    Once you've made all the payments, the vehicle is yours.


  • That's it. There are no hidden extras and all of our documents are written clearly and concisely so you know exactly where you stand.

    Here's what else you need to think about:

    • You must be at least 18 years old and a permanent UK resident.
    • You must have fully comprehensive insurance.
    • You must have the relevant driving licence for the vehicle.
    • You'll own the vehicle outright once you've paid all your payments and not before.
    • If you miss a payment, your vehicle is at risk of repossession, so it's important to carefully consider your future repayment ability.
    • Before you decide to apply for finance for a vehicle, we would encourage you to make enquiries of the dealer to ensure you fully understand the history of the vehicle so that you can make a fully informed decision as to whether the vehicle is suitable for you.
    • Dealers typically receive commission or other benefits for introducing you to us.  If you request, they must tell you in good time before you enter into the credit agreement, the amount of any commission payable.
    • You have no protection against depreciation as a result of an unexpected fall in the value of the vehicle.
    • A personal guarantee may be required.
    • Details of your credit agreement will be recorded with credit reference agencies.


  • With Hire Purchase, you can spread the cost of your vehicle over a period of time that suits your budget. You don't have to spend months and years saving up to buy a car outright.

    You're always in control

    As the monthly payments are fixed, you'll always know exactly what you need to pay, allowing you to budget more effectively. Once you've made all the payments, the vehicle's all yours.

    Get closer to the vehicle of your choice. Simply speak to one of our team or visit your local Black Horse dealership today.



See more details about the Jersey Branch


Tel: 01534 514 700

9 Broad Street
St Helier

Jersey branch

See more details about the Guernsey Branch


Tel  01481 710 411

1 Smith Street
St Peter Port

Guernsey branch

See more details about the Isle of Man branch

Isle of Man

Tel: 01624 632 900

Villiers House
2 Victoria Street
Isle of Man IM1 2LN

Isle of Man branch