How does it work?

The Products

Each of these products works a little differently, but in general terms the finance 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.
  • Or driving a new model for a set term, handing it back at the end.^ This is an option under Personal Contract Purchase (PCP*).

Repayment Duration

You would typically pay a deposit, and
make monthly repayments from 1-5 years to tailor the finance to meet your budget. The finance agreement is secured against the vehicle for the duration of the agreement which means the car will be owned by the finance company (not the motor dealer) until the final repayment has been made.



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 final 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 finance agreement, new finance agreements are subject to status. ***You have the option at the end of the agreement to return the vehicle and not pay the final 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.