Consider Black Horse finance for a loan on your next vehicle

Black Horse is part of the Lloyds Banking Group. You can apply to Black Horse finance for a loan to purchase a new or used car, motorbike, caravan or motor home. Over 200,000 people every year get finance from Black Horse to buy the vehicle they want.

Black Horse is the main provider of car finance. They have a range of loan and hire purchase products available.

You can apply to purchase a new or used car on hire purchase. This is usually negotiated through a car dealership that provides Black Horse finance products. You can use hire purchase on any vehicle up to six years old and choose to repay your finance over one to five years. If the car you want to purchase is over six years old, you can repay over one to four years. You can borrow any amount from £1,500 to £25,000. You will need to make a deposit on the vehicle of 5% or more. Your interest rates are fixed, so you will know how much you need to pay. Once you complete your payments, the car is yours.

Instead of hire purchase, you can apply for a personal loan. You do not normally need a deposit to use a personal loan to purchase your vehicle. You can borrow from £1,000 to £25,000, and have up to 5 years to pay.

If you would like to change your vehicle in a few years’ time, then you can apply for Black Horse Ultimate Plus, which allows you to defer part of your finance. You will need to pay a deposit and agree payments based on your annual mileage up to 24,000 miles. The higher the annual mileage you do in your vehicle, the higher the payments. Your agreement can last two or three years. At the end of the agreement, you can return the car, part exchange the car or buy it outright with a final payment. This can be a good option to purchase a new or nearly new car under three years old. The dealer will agree a guaranteed future value for the vehicle when calculating the repayments.

You can complete finance proposals online, using a form that is simple to use, or make arrangements with your local Black Horse motor dealer. Once approved your loan funds are transferred to your bank account or paid to the dealer. Any finance is subject to you being 18 years old or over, and subject to status and credit score rating.

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