Motorhome Hire Purchase | Black Horse

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Black Horse Hire Purchase could help you buy your dream motorhome while spreading the cost. Agree an initial deposit, the agreement term and monthly repayment amount with the dealer, who will submit the finance application to us. Subject to your application being approved, you can just drive it away – and after you’ve made all the repayments including the interest, the motorhome is all yours.

HOW IT WORKS

• Borrow any amount from £1,000 and set repayments to suit your budget for periods of 1–10 years
• Maximum age for motorhomes is not over 20 years old at the end of the agreement;
maximum age for holiday homes is not over 17 years at the end of the agreement
• Flexible Deposit Options – 0% deposit may be available subject to status

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

Budget with confidence
• Fixed regular repayments, giving you peace of mind and no final lump sum repayment
• Protection under the Consumer Credit Act Termination Rights and Protection under the Consumer Rights Act

Things to consider
• Your motorhome is at risk of repossession if you do not maintain contractual repayments
• You do not own the motorhome until all the repayments have been made
• You must have fully comprehensive insurance
• You have no protection against depreciation as a result of an unexpected fall in the value of the motorhome
• 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
• Your caravan, motorhome or holiday home should be used for leisure purposes only and cannot be used as your main dwelling. In the case of holiday homes, the holiday park it is sited on may periodically request proof of your permanent residence