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black horse finance
PCP and HP

Finance Options

There are a range of ways to purchase both new and used leisure vehicles, all carefully designed to suit different budgets and circumstances. Hire purchase (HP) and personal contract purchase (PCP) are two of the options available when you buy your next caravan or motorhome.

Come to any of our branches to discuss your specific requirements with one of our team members.

PCP
HP

Hire Purchase (Reprensentative example HP)

Tailor your finance to manageable monthly payments -
The cost of the vehicle is spread over an agreed length of time at a fixed interest rate with a fixed monthly payment. After the final payment, you own the vehicle.

PCP (Personal Contract Purchase)

Tailor your finance to manageable monthly payments -
The cost of the vehicle is spread over an agreed length of time at a fixed interest rate with a fixed monthly payment.

Hire purchase

representative example

Monthly payments of
£252.05
Agreement term (months)
120
Cash price
£20,000.00
Total deposit
£2,000.00
Amount of credit
£18,000.00
Total amount payable
£32,246.00
Representative APR
11.4 %
Option to purchase fee
£10.00
Annual mileage
8000
Excess Mileage (pence per mile)
£0.09

PCP

representative example

Monthly payments of
£394.96
Final payment
£0.00
Agreement term (months)
60
Cash price
£20,000.00
Total deposit
£2,000.00
Amount of credit
£18,000.00
Total amount payable
£25,697.60
Representative APR
11.40 %
Option to purchase fee
£10.00
Annual mileage
8000
Excess Mileage (pence per mile)
£0.09
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Disclaimer

This simple loan calculator is provided by Leisure World Group Limited and is designed to give an indication of the APR, monthly repayments and total repayments you could expect to pay. Due to the many factors finance lenders base their decisions upon, we cannot guarantee the figures suggested using this calculator. Please use the figures as a guide and our team will endeavour to provide the best possible payment plan based on your personal circumstances.

At the end of the agreement there are 3 options: (i) Renew: Part exchange the vehicle. (ii) Retain: Pay the Optional Final Payment to own the vehicle or (iii) Return the vehicle. Further charges may be made subject to the condition or mileage of the vehicle.