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How does it work?
What will you pay?

How does it work?​

Black Horse Lease Purchase is similar to a Personal Contract Purchase (PCP), with a large lump sum at the end of the agreement, but the final lump sum is not a guaranteed future value of the vehicle. This means that you cannot return the vehicle at the end of the agreement, other than any voluntary termination rights that you may have. Agree an initial deposit and how long you want the agreement to run for and the dealer will then calculate your final payment and confirm your regular 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.

How it works

  • Choose your new car with your Black Horse dealer. Used cars up to six years old can also qualify. • Agree your deposit with the dealer
  • Choose your repayment period over two to four years.
  • Agree the nal lump sum payment with the dealer.
  • Borrow any amount from £1,000.
  • Set payments to suit your budget.
  • At the end of the agreement you have two options to choose from.
  • Make the nal payment, and obtain ownership of the vehicle or part exchange for a new vehicle (if the part exchange does not cover the nal payment you would need to pay the shortfall to settle the nance agreement). New nance agreements are subject to status.

What you pay

  • You pay a flexible deposit on the car, from 0% (0% deposit may be available subject to status)
  • You pay equal monthly payments over the chosen period
  • At the end of the agreement you have two options; (1) part exchange the car (subject to settlement of your existing finance agreement new nance agreements are subject to status) (2) pay the final lump sum payment to own the car.

What you need to know about Lease Purchase with Black Horse

  • Ideal if you like to drive the newest model, you want to keep your monthly payments lower or you don’t want to be subject to excess mileage clauses.
  • Options at the end of the contract to pay the nal lump sum payment and own the vehicle or part exchange, subject to settlement of the existing nance (new nance subject to status)
  • A signi cant proportion of the credit is deferred until the end of the contract so you should prepare for this
  • You do not own the vehicle until the nal payment including interest has been made
  • Flexibility - Set payment periods from two to four years, then take the best option for you when you reach the end of the agreement
  • Protection under the Consumer Credit Act, Termination and Satisfactory Quality Rights
  • You must have fully comprehensive insurance
  • Your vehicle is at risk of repossession if you do not maintain contractual repayments
  • You do not own the vehicle until the nal payment including interest has been made
  • Lower payments means you might be able to afford a newer car
  • Newer model means lower maintenance costs

Why choose Personal Contract Purchase?

Lease 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

Flexible Deposit Options – 0% deposit may be available subject to status

Terms of 2 – 4 years

Choose your car or light commercial vehicle

Available on new or used cars (Up to 6 years old at the end of the agreement)

Set repayments to suit your budget


What will you pay?

*subject to settlement of your existing nance agreement, new nance agreements are subject to status.


Browse other finance plans


*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.

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