The Personal Contract Purchase finance plans shown above are available through Black Horse Ltd, St William House, Tresillian Terrace, Cardiff CF10 5BH, or Motonovo Finance, One Central Square, Cardiff, CF10 1FS. Credit is subject to status and is only available to UK residents aged 18 and over. In the case of Moto Novo Finance, the APR is set on a rate for risk basis. As such we are unable to determine the final APR until a full application has been processed. The representative example is based on an A1 credit score and therefore subject to credit rating at time of application the APR may increase. Black Horse work on a fixed APR basis.
Representative Example is based on an annual mileage of 4000 .
With Personal Contract Purchase (PCP), once you have paid all of the regular monthly payments you have the option to
(1) Return the vehicle and not pay the Optional Final Payment. If the vehicle has exceeded the maximum agreed mileage, a charge per excess mile will apply of 6.0 + VAT pence per mile. If the vehicle is in good condition (fair wear and tear accepted) and has not exceeded the maximum agreed mileage you will have nothing further to pay;
(2) Pay the Optional Final Payment to own the vehicle or;
(3) Part exchange the vehicle subject to settlement of your existing credit agreement; new credit agreements are subject to status.
Whichever lender we introduce you to, we will typically receive commission from them. The lenders we work with could pay commission at different rates. However, the amount of commission we receive from a lender does not have an effect on the amount you pay to that lender under your credit agreement, additionally it does not affect the array of finance offers that we make available from carefully selected finance partners. Please ask if you need / or would like any further information.
