Black Horse Hire Purchase could help you buy your dream car while spreading the cost.

How it works

  • You'll agree an initial deposit, your agreement term and your monthly repayments with the dealer.
  • Your deposit is taken from the price of the car.
  • You'll then pay the remaining balance plus interest in equal monthly repayments over the agreed term.
  • Black Horse buys the car on your behalf and owns the vehicle for the duration of the finance agreement.
  • After you've made all the repayments including any interest,  you will become the owner of the vehicle.

What you will pay

Flexible deposit options

£0 deposit may be available.

Fixed interest rate & monthly repayments

You'll make equal monthly repayments with a fixed interest rate, over your chosen period of 1-5 years. 

End of agreement

You will own the car after all the repayments including interest have been paid. 

A purchase fee of £10 is included within your final repayment. 

What you need to know

Ideal if

  • You want to own your car outright at the end of your agreement.
  • You like to budget and know the exact repayment amount each month.

The choice is yours

  • Choose any new or used car up to 14 years old at the end of the agreement. Some exceptions may apply.
  • Minimum and maximum finance amounts may apply.

Things to consider

  • You must be at least 18 years old and a permanent UK resident.
  • You must have fully comprehensive insurance.
  • You must have the relevant driving licence for the vehicle.
  • The vehicle is at risk of repossession if you do not maintain contractual repayments.
  • Protection under the Consumer Credit Act Termination Rights and Protection under the Consumer Rights Act.
  • ​Before you decide to apply for finance for a vehicle, we would encourage you to make enquiries of the dealer to ensure you fully understand the history of the vehicle so that you can make a fully informed decision as to whether the vehicle is suitable for you.
  • Dealers typically receive commission or other benefits for introducing you to us.  If you request, they must tell you in good time before you enter into the credit agreement, the amount of any commission payable.
  • ​Details of your credit agreement will be recorded with credit reference agencies.

Hire Purchase

Watch the product video or download our Car product guide for more information.

Finance calculator - the simple way to get an indicative quote

Compare our finance products

View the Black Horse product comparison page to help you decide which product is right for you.