Lender guide
Black Horse Car Finance: How It Works, Rates & Alternatives
Independent explainer — we don't sell Black Horse finance, take no commission and route only to our own free calculators.
Black Horse is a major UK direct lender that funds car finance arranged through dealers, on both new and used cars. It lends its own money, is part of a high-street banking group and is authorised and regulated by the FCA. Work out the true cost of any Black Horse-style deal on our free car finance calculator.
This page explains, independently, how a Black Horse agreement tends to work, the products on offer and how it compares.
Who is Black Horse?
Black Horse is a direct lender, not a broker — it provides the funds itself, usually for cars bought through a dealer, and is one of the larger motor finance providers in the UK.
Because Black Horse lends its own money, the agreement is between you and Black Horse. It must be FCA-authorised and run an affordability check before lending.
What products does Black Horse offer?
Black Horse typically provides Hire Purchase (HP) and PCP through dealers, on new and used cars.
- Hire Purchase (HP): own the car after the final payment — see the HP calculator.
- PCP: a lower monthly with an optional final balloon — see the PCP calculator.
- Dealer-arranged: agreements are usually set up at the point of sale.
What rates and eligibility does Black Horse look at?
Your Black Horse rate depends on your credit profile and the car, not a single headline figure — the APR is set after a credit and affordability check.
A stronger credit file and a bigger deposit generally mean a lower rate and less interest overall. Rather than rely on an advertised number, turn any quote into its real cost with our APR calculator, which shows the total interest in pounds.
How Black Horse compares — your alternatives
Black Horse is one of several dealer-finance lenders; the cheapest option is whichever has the lowest APR over the shortest term you can afford.
Compare on the total amount payable, not the monthly. Check the figures on the main calculator before you decide.
| Option | Own the car? | Typical use | Compare on |
|---|---|---|---|
| HP (Black Horse-style) | Yes, at the end | New and used cars | HP calculator |
| PCP | Optional (balloon) | Lower monthly | PCP calculator |
| Personal loan | From day one | Buying from any seller | Loan calculator |
Work out the true cost before you commit
Whatever a Black Horse agreement quotes, you can check the real cost yourself for free.
Run the numbers on the car finance calculator, compare deals on the APR calculator, or model the deal type with our HP or PCP calculator.
Black Horse is one of the lenders at the centre of the commission scandal. If your agreement may have carried hidden commission, read whether it could have been mis-sold and estimate any redress — free, with no claims firm taking a cut.
Frequently asked
Is Black Horse a lender or a broker?
What car finance does Black Horse offer?
What rate will Black Horse charge?
Was Black Horse car finance mis-sold?
Work out your next step
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