With Black Horse Personal Contract Purchase you can keep your monthly payments lower by deferring a significant
proportion of the amount of credit to the final payment at the end of the agreement. Agree an initial deposit, how many
miles you are likely to travel each year and how long you want the agreement to run for and the dealer will then calculate
the Guaranteed Future Value (GFV) of your vehicle and confirm your monthly payment. The dealer will submit the
finance application to us and subject to your application being approved; you can just drive your car away.
Then at the end of the agreement you have 3 options:
And you have 2 to 4 years to decide which option to choose.
How it works
What you pay
Three final options.
What you need to know about Personal Contract Purchase with Black Horse
Why choose Personal Contract Purchase?
Personal Contract Purchase is a type of hire purchase agreement that lets you keep your options open. You don’t need to decide now - if your circumstances change over the years you’ve got options.
How can I find out more?
Ask your Black Horse dealer for a quote.
Borrow any amount from £1,000
Available on New or Used Cars (Used up to 7 years old at the end of the agreement)
Flexible Deposit Options – 0% deposit may be available subject to status
Set repayments to suit your budget
Set your annual mileage up to 24,000 miles a year. Your annual mileage will affect your monthly repayments and Guaranteed Future Value.
2 - 4 year terms
Personal Contract Purchase is available to Limited Companies on a non regulated basis
For used vehicles the maximum permitted vehicle mileage at the start of the agreement is 3,000 miles per month of age
Guaranteed Future Value
When the vehicle is
returned to us under the Goods Return option
*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. **Subject to settlement of your existing nance agreement, new nance agreements are subject to status.
*Finance is subject to status and is only available to UK residents aged 18 and over. Finance provided by Black Horse Limited, St William House, Tresillian Terrace, Cardiff CF10 5BH. Please contact your local Black Horse dealer for further details.