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Finance at Leisure World Motors

Finance at Leisure World Motors

Black Horse Finance

Leisure World will help you find the right finance deal for you with a range of finance options from Black Horse.

Drive your new or used car away with a finance arrangement that suits your circumstances. You might not even need a deposit, and our interest rates are fixed so you can budget more easily. With a variety of financing options to choose from, you will find the right one to suit you.

We will arrange it all for you with Black Horse Car Finance

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How it Works

The Products

Each of these products works a little differently, but in general terms the finance company will buy the car on your behalf and then you will repay the amount borrowed with interest.

Your Options

Own the vehicle at the end of the agreement (except Contract Hire)

Or driving a new model for a set term, handing it back at the end.* This is an option under Personal Contract Purchase (PCP*) and is the only option available under Contract Hire.

Payment Duration

You would typically pay a deposit, and make monthly payments from 1-5 years to tailor the finance to meet your budget. The finance agreement is secured against the vehicle for the duration of the agreement which means the car will be owned by the finance company (not the motor dealer) until the final payment has been made, except in the case of Contract Hire products where there is no option to own the vehicle.

Hire Purchase

Black Horse Hire Purchase could help you buy your dream caravan or motorhome while spreading the cost. Agree an initial deposit and your agreement term and monthly payment amount and we will submit the finance application to Black Horse and subject to your application being approved, you can just drive it away – and after you’ve made all the payments including the interest the caravan or motorhome is all yours.

Black Horse buys the caravan or motorhome on your behalf less any deposit that you have paid to us. The remaining balance plus interest is then paid over an agreed period of 1-10 years. These are fixed costs, meaning that the APR (Annual Percentage Rate) is set before the agreement begins and will not change.

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 payment amount each month
  • Choose any new or used car up to ten years’ old
  • Fixed regular repayments, giving you peace of mind
  • Protection under the Consumer Credit Act - Termination and Satisfactory Quality Rights
  • You have no protection against depreciation as a result of an unexpected fall in the value WHAT YOU of the vehicle
  • You do not own the vehicle until the final repayment has been made
  • Your vehicle is at risk of repossession if you do not maintain contractual repayments
  • You must have fully comprehensive insurance

What you will pay

Flexible Deposit Options

0% deposit may be available subject

Fixed Interest Rate

Pay Over the chosen periop 1 - 5 Years in equal monthly payments

After all the payments have been made,

You own the car

Lease Purchase

Lease Purchase is similar to a Personal Contract Purchase (PCP) - you can keep your monthly payments lower by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement but do not have the option to return the vehicle to Black Horse at the end of the agreement.

Agree an initial deposit and how long you want the agreement to run for and we will then calculate your final payment and confirm your regular monthly payment. We will then submit the finance application to Black Horse and subject to your application being approved, you can just drive your car away.

At the end of the agreement you can either pay the Final Lump Sum Payment to own the car or part exchange the car subject to settlement of your existing finance agreement; new finance agreements are subject to status.

How it works

  • Borrow any amount from £1,500 – £250,000
  • Flexible Deposit Options – 0% deposit may be available subject to status
  • Terms of 2 – 4 years
  • Choose your car or light commercial vehicle
  • New or used (used vehicles up to 3 years old)
  • Set payments to suit your budget

What you will pay

Flexible Deposit Options

0% deposit may be available subject

Fixed Interest Rate

Pay over the chosen period 2 to 4 years in equal monthly payments

At the end of your chosen period YOU HAVE 2 Options:

  1. Part Exchange* for a newer model
  2. Buy it Outright by paying the final lump sum payment
* subject to settlement of your existing finance agreement, new finance agreements are subject to status.

Personal Contract Hire

Personal Contract Hire is a fixed-cost, rental agreement. You choose a new vehicle, agree the maximum annual mileage and length of agreement, and then pay an initial rental followed by fixed monthly rentals to suit your budget. You can even choose to cover vehicle maintenance costs as part of your agreement subject to paying a maintenance charge which is added to your monthly rental.

'Rental' agreements where you cannot become the legal owner of the vehicle as you are merely renting it from Black Horse. Black Horse as the owner is listed as the Registered keeper on the DVLA V5 form. A flexible option allowing you to drive a newer model and optional vehicle maintenance packages can be included

How it works

  • Borrow any amount from £1,500 – £250,000 for new or used cars
  • Set your payments to suit your budget
  • Cars up to 10 years old – repay over 1 – 4 years
  • Cars up to 6 years old – repay over 1 – 5 years
  • Flexible Deposit Options – 0% deposit may be available subject to status

What you will pay

Flexible Deposit Options

0% deposit may be available subject

Fixed Interest Rate

Pay Over the chosen periop 1 - 5 Years in equal monthly payments

After all the payments have been made,

You own the car

Contract Hire for business customers

Contract Hire is a fixed-cost, rental agreement. You choose a new vehicle, agree the maximum annual mileage and length of agreement, and then pay an initial rental followed by fixed monthly rentals to suit your budget. You can even choose to cover vehicle maintenance costs as part of your agreement subject to paying a maintenance charge which is added to your monthly rental.

'Rental' agreements where you cannot become the legal owner of the vehicle as you are merely renting it from Lex Autolease. Lex Autolease as the owner is listed as the Registered keeper on the DVLA V5 form. A flexible option allowing you to drive a newer model and optional vehicle maintenance packages can be included

How it works

  • Choose from an advance rental of 1 – 21 months giving flexibility to set your monthly rentals to suit your budget
  • At the end of the contract, you must return the vehicle and will have nothing further to pay provided the vehicle is in good condition and has not exceeded the agreed mileage. If the vehicle does not meet the mileage and condition terms, excess charges may apply
  • VAT-registered businesses can re-claim some of the VAT element on rental and maintenance charges
  • Agreed Annual Mileage - If you drive less than the agreed annual mileage this will not alter the monthly rentals. / If you exceed the agreed annual mileage, excess mileage charges will apply.
  • All vehicles 5,000 per annum. You can drive less than 5,000 miles per annum, however this will not alter the monthly rentals
  • Maximum Total Contract Mileage - 120,000 for petrol cars/150,000 for diesel cars/150,000 for petrol vans/180,000 for diesel vans
  • You can change your contract duration and mileage (except during the first or last 6 months of the contract)
  • Contract term between 2 – 5 years

What you will pay

PAY AN ADVANCED RENTAL OF 1 – 21 MONTHS

REGULAR MONTHLY RENTALS OVER A TERM OF 2 – 5 YEARS

At the end of the contract

RETURN THE VEHICLE*

*At the end of the contract, you must return the vehicle and will have nothing further to pay provided the vehicle is in good condition and has not exceeded the agreed mileage. If the vehicle does not meet the mileage and condition terms, excess charges may apply. The vehicle should be returned to Black Horse in a condition that meets the BVRLA ‘Fair wear and tear’ guidelines, otherwise charges may be incurred. Fair wear and tear guidelines can be found on the BVRLA website at www.bvrla.co.uk