COMPARE OUR
FINANCE PRODUCTS
Compare our range of finance products and find the Black Horse solution that suits your individual preferences and circumstances.
What is
MOTOR FINANCE?
Motor finance helps you spread the cost of a new or used vehicle. Instead of paying the full amount up front, you pay monthly instalments, including an amount of interest, over an agreed repayment period. We have a range of finance products to suit your individual preferences and circumstances. For further information on our products, please visit the Motor Finance page.
Our Finance Products
Each of our finance products works slightly differently. Our products and the differences between them are explained in more detail below.
Further information is also available on our individual product pages. You should take a look at these pages to help you decide which product is right for you.
All lending is subject to status checks and an affordability assessment. Finance is only available to persons aged 18 and over.
|
KEY CUSTOMER INFORMATION |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) |
|---|---|---|---|
|
KEY CUSTOMER INFORMATION Deposit required |
HIRE PURCHASE (HP) Flexible. 0% may be available. |
LEASE PURCHASE (LP) Flexible. 0% may be available. |
PERSONAL CONTRACT PURCHASE (PCP) Flexible. 0% may be available. |
|
KEY CUSTOMER INFORMATION Length of agreement |
HIRE PURCHASE (HP) From 1-5 years |
LEASE PURCHASE (LP) From 2-4 years |
PERSONAL CONTRACT PURCHASE (PCP) From 1-4 years |
|
KEY CUSTOMER INFORMATION Fixed payments |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) |
|
KEY CUSTOMER INFORMATION Final lump sum repayment at agreement end |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) |
|
KEY CUSTOMER INFORMATION Maximum permitted age of the car at agreement end |
HIRE PURCHASE (HP) Typically 14 years |
LEASE PURCHASE (LP) Typically 14 years |
PERSONAL CONTRACT PURCHASE (PCP) Typically 7 years |
|
KEY CUSTOMER INFORMATION Ownership at agreement end |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) If you pay the final lump sum payment. |
PERSONAL CONTRACT PURCHASE (PCP) If you pay the final lump sum payment. |
|
KEY CUSTOMER INFORMATION Goods return option |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) Return conditions apply. |
|
KEY CUSTOMER INFORMATION Excess mileage charges |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) If exercise goods return option and exceed mileage allowance. |
|
KEY CUSTOMER INFORMATION Part exchange |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) |
|
KEY CUSTOMER INFORMATION Fully comprehensive insurance required |
HIRE PURCHASE (HP) |
LEASE PURCHASE (LP) |
PERSONAL CONTRACT PURCHASE (PCP) |
|
KEY CUSTOMER INFORMATION Ability to amend monthly payment due date |
HIRE PURCHASE (HP) Once every 12 months. |
LEASE PURCHASE (LP) Once every 12 months. |
PERSONAL CONTRACT PURCHASE (PCP) Once over the lifetime of the agreement. |