Hire Purchase

Finance for the vehicle of your choice.

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, we also finance motorcycles and even caravans. Available on new or used vehicles

What is Hire Purchase?

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 less any deposit that you have paid the dealer. The remaining balance plus interest is then paid back over an agreed period.

Your Black Horse dealer will help you find the type of vehicle you'd like. You can borrow any amount from £1,000 for new and used cars.

Payments 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.

Your 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'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.
  • You need fully comprehensive insurance at all times – that's because the vehicle belongs to Black Horse for the duration of the agreement and it's part of our terms and conditions while you're driving it.
  • 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.

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

You're always in control

As the monthly payments are fixed, you'll always know exactly what you need to pay, so you can budget more effectively. After 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.

Contact your local Black Horse branch


Contact details

Tel: 01481 710 411
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10 Lefebvre Street
St Peter Port


Contact details

Tel: 01534 514 700
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Osprey House
5-6 Old Street
St Helier

Isle Of Man

Contact details

Tel: 01624 632 900
Request a call back


Ground Floor
Peveril Building
Peveril Square
Isle Of Man