Advanced Search
|
 |
Finance for Private Buyers
Black Horse dealers have a number of finance products available to help you buy your new or used car, however the two most common are Hire Purchase and our Personal Contract Purchase (PCP) product, Ultimate Plus.
Here’s a brief summary of the main features of the two products to help you decide which is the more appropriate one for your circumstances.
|
Hire Purchase |
Ultimate Plus |
|
Available on new cars and used cars up to 10 years old |
Available on new and used cars up to 3 years old |
|
Spread your repayments over 1 to 5 years |
Available on 2 and 3 year finance agreements only |
|
Choose the amount of deposit you wish to put down |
A deposit will be required |
|
Fixed interest rates and fixed repayments throughout the agreement |
Fixed interest rates and fixed repayments throughout the agreement |
|
|
Future value of vehicle guaranteed |
|
|
The options at the end of the agreement are:
§ Part exchange the car for another one
§ Pay the deferred amount and keep the car
§ Sell the car yourself, repay the deferred amount and keep the difference
§ Return the car to your dealer with nothing further to pay* |
|
|
* Provided the car is in good condition and the maximum mileage limit has not been exceeded. |
|
|
|
|
|
Finance is only available to persons aged 18 years or over, subject to status. Indemnities may be required.
|