Motorhome Finance From Black Horse
Black Horse, part of the Lloyd’s Bank Group, is one of the UK’s leading vehicle finance providers.
They have close relationship with many dealers including Southdowns Motorhome Centre; they can offer excellent customer service and personalised finance otions including Hire Purchase and Motorhome PCP on selected new motorhomes.
MOTORHOME HIRE PURCHASE
Finance your next motorhome or holiday home by spreading the cost with fixed regular monthly repayments, after which you own it outright.
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
WHAT YOU NEED TO KNOW
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
MOTORHOME PCP
Keep your monthly payments low by deferring a large proportion of credit. Enjoy flexibility at the end of your agreement and the reassurance of a Guaranteed Future Value (GFV).
PERSONAL CONTRACT PURCHASE
Our PCP product is a great flexible payment option. With Black Horse PCP you can choose how much deposit you’d like to pay, the contract term and final payment. It’s ideal for those who want to keep their options open – at the end of the agreement you can choose to buy the motorhome, part exchange it for another or simply hand it back.
HOW IT WORKS
Borrow any amount from £1,000 and set repayments to suit your budget for a period of 1–5 years
- Available on new motorhomes
- Annual mileage restrictions are set at 8,000 a year
The options at the end of the agreement are:
- Part exchange the motorhome subject to settlement of your existing finance agreement; new finance agreements are subject to status or
- Return the motorhome and not pay the Final Repayment. If the motorhome is in good condition and has not exceeded the agreed maximum mileage you will have nothing further to pay. Further information on what is considered good condition can be found at blackhorse.co.uk/MotorHomeGoodConditionGuide. If the motorhome has exceeded the agreed maximum mileage a charge for excess mileage will apply or
- Pay the Final Repayment to own the motorhome.
WHAT YOU NEED TO KNOW
Ideal if
You like to keep your options open
- You want the option to own your motorhome outright at the end of the agreement
- You like to budget and know the exact repayment amount each month
Budget with confidence
- Protection under the Consumer Credit Act Termination Rights and Protection under the Consumer Rights Act
- Protection against depreciation as a result of an unexpected fall in the value of the motorhome when you hand the motorhome back
Things to consider
- Your motorhome is at risk of repossession if you do not maintain contractual repayments
- You must have fully comprehensive insurance
- You do not own the motorhome until the final payment including interest has been made
- A significant proportion of the credit is deferred until the end of the agreement, you should prepare for this if your want to own the motorhome
- PCP is only available on new motorhomes
Black Horse Finance Products e-book
Find out more about Black Horse finance products in their product guide eBook. Download e-book.