Black Horse
finance calculator

The simple way to get an indicative quote

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Our handy finance calculator below will help you understand what the cost of borrowing might look like on our Hire Purchase and Personal Contract Purchase agreements.

Who should use the finance calculator?

Our finance calculator is the perfect place to start your journey if you are exploring finance options for your next car, caravan or motorcycle. The finance calculator is designed to help you understand the finance options provided by Black Horse. It is for illustrative purposes only and is not a quote or offer of finance. Black Horse is available at selected dealers and finance offers depend upon factors such as the vehicle being financed, your personal circumstances, our lending policies and the finance options provided by your chosen dealer.

How does the finance calculator work?

Our finance calculator is designed to give you an idea of how much your Hire Purchase or Personal Contract Purchase agreement may cost. Once you have an idea of your monthly budget or the amount you want to borrow, our finance calculator provides an indication of the monthly cost and the total amount repayable.

If you select the Personal Contract Purchase option on this calculator, you’ll be asked to estimate your optional final repayment, also called the “balloon” payment. This is the lump sum you’ll need to pay if you decide to keep the vehicle. Remember, when you choose your car at a Black Horse approved dealership, the dealer will then work out the monthly repayment amount and the optional final repayment amount, which is based on the anticipated value of the vehicle at the end of the agreement. Learn more in our finance product guide (PDF, 3MB).

Do you want to know more?

If you need to learn more about the different types of car finance available, take a look at our dedicated information pages for cars, motorcycles and caravans (including motor homes and holiday homes).

 

Customer Calculator – Introduction

To help you understand the finance options provided by Black Horse, we have created a finance calculator tool.

The tool is for illustrative purposes only. It is not a quote or an offer of finance.

Select your own values and find out how much you would pay based on the values selected.

The finance offers available will depend upon factors such as the vehicle being financed, your personal circumstances, our lending policies and the finance options provided by your chosen dealer.

Black Horse is only available via selected dealers.

To obtain an exact finance quote, please speak directly to your chosen dealer.

All lending is subject to status checks and an affordability assessment.

Select the 'Confirm' button to proceed to the Finance Calculator. By selecting this button you are confirming that you have read this information.

Confirm

Hire Purchase (HP) is a finance plan that allows you to spread the cost of the vehicle by making monthly payments over an agreed term, after which you’ll own the vehicle.

Personal Contract Purchase (PCP) is a finance plan that allows you to spread the cost of the vehicle by making monthly payments over an agreed term. You will have three options at the end of the agreement; part exchange (new agreements subject to status), pay the option final repayment to own, or return the vehicle (conditions apply).

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£
Repayment period (months)

For HP, you can select an agreement term from 12 months up to 60 months for Motor and Motorcycles, and an agreement term from 12 months up to 120 months for Caravans.

For PCP, you can select an agreement term from 12 months up to 49 months for Motor and Motorcycles, and an agreement term from 12 months up to 61 months for Caravans. The agreement term includes the optional final repayment.

Please note that the agreement term you select is not guaranteed. The agreement term is dependent upon factors such as the vehicle being financed, your personal circumstances, our lending policies and the finance options provided by your chosen dealer.
Optional final repayment

For the purposes of this calculator tool, it is not possible to provide you with the Optional Final Repayment amount, as it will depend upon the expected value of the vehicle at the end of the agreement. This is impacted by factors such as the vehicle financed, your expected annual mileage and the agreement term.

As a guide, the Optional Final Repayment is typically between 35% to 65% of the finance amount borrowed. For example, if you borrow £20,000, the Optional Final Repayment could be between £7,000 and £13,000.

You will need to speak to your chosen dealer to obtain an accurate figure.
£
Optional final repayment

For the purposes of this calculator tool, it is not possible to provide you with the Optional Final Repayment amount, as it will depend upon the expected value of the vehicle at the end of the agreement. This is impacted by factors such as the vehicle financed, your expected annual mileage and the agreement term.

As a guide, the Optional Final Repayment is typically between 35% to 65% of the finance amount borrowed. For example, if you borrow £20,000, the Optional Final Repayment could be between £7,000 and £13,000.

You will need to speak to your chosen dealer to obtain an accurate figure.
£
Annual Percentage Rate (APR)

The annual percentage rate (APR) is a calculation that gives you an indication of the overall cost of borrowing expressed as a percentage – it is a measure designed to compare credit products across lending providers.

The APR selected will impact on the amount of interest you pay and your repayment amount.

The calculator will enable you to select any value within a range. To understand the actual APRs available, you will need to speak to one of our selected dealers.

Monthly Payment

##monthlybudget##

 

Amount Borrowed

##hpmonthlyamtborrowed##

 

Total Amount Repayable

##hpmonthlytotamt##

 

Paying ##monthlybudget## per month for ##repayperiod## months allows you to borrow ##hpmonthlyamtborrowed##

Amount Borrowed

##price##

 

Monthly Payment

##hpfullmonthlyamtt##

 

Total Amount Repayable

##hpfulltotamt##

 

If you borrow ##price## over ##repayperiod## months your monthly payment will be ##hpfullmonthlyamtt##

Monthly Payment

##monthlybudget##

 

Amount Borrowed

##pcpmonthlyamtborrowed##

 

Total Amount Repayable

##pcpmonthlytotamt##

 

Paying ##monthlybudget## per month for ##repayperiodpcptext## months with a final payment of ##pcpmonthlylumpsum## allows you to borrow ##pcpmonthlyamtborrowed##

Amount Borrowed

##price##

 

Monthly Payment

##pcpfullmonthlyamt##

 

Total Amount Repayable

##pcpfulltotamt##

 

If you borrow ##price## over ##repayperiodpcptext## months with a final payment of ##lumpsum## your monthly payment will be ##pcpfullmonthlyamt##

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