How does it work?

The Products

Each of these products works a little differently, but in general terms the nance company will buy the car on your behalf and then you will repay the amount borrowed with interest.

Your Options

  • Own the vehicle at the end of the agreement (except Contract Hire)
  • Or driving a new model for a set term, handing it back at the end.^ This is an option under Personal Contract Purchase (PCP*) and is the only option available under Contract Hire.

Repayment Duration

You would typically pay a deposit, and
make monthly repayments from 1-5 years to tailor the nance to meet your budget. The nance agreement is secured against the vehicle for the duration of the agreement which means the car will be owned by the nance company (not the motor dealer) until the nal repayment has been made, except in the case of Contract Hire products where there is no option to own the vehicle.



Our products

Hire Purchase
Peronal Contract Purchase (PCP)
Lease Purchase Contract Hire/Personal Contract Hire
Deposit required
Flexible Deposit Options -
0% deposit may be available - subject to status
Flexible Deposit Options -
0% deposit may be available - subject to status
Flexible Deposit Options -
0% deposit may be available - subject to status
Advance Rental of 1 – 21 months
Maximum age of the car
(at the end of the Agreement)
14 years* 7 years 6 years 5 years
Length of the Agreement
1 – 5 years 2 – 4 years 2 – 4 years 2 – 5 years
Owenrship options
(at the end of the Agreement)
You own the car, you can
still part exchange **
• Part exchange**
• Pay the outstanding lump
sum to own the car
• Return the car (under the
goods return option)***
• Part exchange**
• Pay the outstanding lump
sum to own the car
• Return the Car
Fixed payments
No Mileage restrictions
× ×
Optional maintanence cover
× × ×
Final lump sum repayment
(at the end of the Agreement)
× ×
Fully comprehensive insurance required


Browse all finance plans​ available


^Under our PCP product, you have the option at the end of the agreement to return the vehicle and not pay the nal lump sum repayment. If the vehicle is in good condition and has not exceeded the agreed maximum mileage you will have nothing further to pay. Further information on what is considered good condition can be found at blackhorse. co.uk/goodconditionguide. If the vehicle has exceeded the agreed maximum mileage a charge for excess mileage will apply. *Some exceptions apply. **Part exchange is subject to settlement of your existing nance agreement, new nance agreements are subject to status. ***You have the option at the end of the agreement to return the vehicle and not pay the nal lump sum repayment. If the vehicle is in good condition and has not exceeded the agreed maximum mileage you will have nothing further to pay. Further information on what is considered good condition can be found at blackhorse.co.uk/goodconditionguide. If the vehicle has exceeded the agreed maximum mileage a charge for excess mileage will apply.