Black Horse Review [Read Our Experts Opinion]

Jane Wardle

Written by Jane Wardle on April 5, 2018

Updated April 5, 2018

blackhorse finance

Overall Rated: 5 / 5


Black Horse offers finance for new and used cars, caravans, motorhomes, motorbikes and scooters through its network of over 5000 dealers across the UK. They provides loans between £7,500 and £40,000, with a starting APR of just 7.8%. This rate is currently the lowest in the UK for this type of borrowing, and can be taken out over a term of 3 to 10 years.

Black Horse’s rates of motor loans and hire purchase products are considered cheaper than other auto finance brokers. Black Horse is part of the Lloyds Banking Group which has an impressive heritage, comprising of brands like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Once you have applied and are approved for a loan, Black Horse gives customers the option to progress their application through the post or through one of their 56 branches. Black Horse Finance won “Best Innovation” at the Practical Caravan Tourer of the Year Awards 2017 and picked up its fifth award in just three months as “Finance Provider of the Year (Prime)” at the Car Dealer Power Awards in Portsmouth.

Most customers have given an ‘excellent’ rating to Black Horse on with an average score of 9.5/10.

Trust & Reputation

Rated 5/5

Black Horse Finance is the part of the globally recognized Lloyds Banking Group and is the UK’s market leader for point-of-sale motor finance, with a network of 5,000 car dealers to sell finance to 1 million customers. Last year, the company helped more than 200,000 customers with point-of-sale motor finance for cars, bikes, caravans and motorhomes.

Black Horse also supports small and medium enterprise customers providing market leading motor dealer stocking and also provides finance facilities to car fleet operators. It is registered as a company in England and Wales and authorised and regulated by the Financial Conduct Authority. It is also a member of the Finance & Leasing Association and complies with its Lending Code. The company has recently won the 'Best Use of Digital to Improve Customer Experience' award at the UK’s Digital Experience Awards.

Black Horse has helped thousands of customers to get their cars financed with the most affordable rates available in the market.

Expertise & knowledge

Rated 5/5

Blackhorse Personal Finance, a part of the Lloyds Banking Group, is offering customers a starting rate of 7.8% available for loans between £7,500 and £40,000. The offered rate is currently the lowest in the UK for this type of borrowing and can be taken out over a term of 3 to 10 years. The Car finance service covers hire purchase, Personal Contract Purchase, and Lease purchase. With the strong and the biggest network of more than 5000 dealers all across the UK, the company is able to offer the cheapest rate in the market by serving more than 1 million of customers last year. Their flexible loan terms offer different payment frequency options.

Blackhorse Finance offers tailored finance packages to its customers, along with a guideline to search for desired models. In addition, financing is also available for caravans, motorhomes and holiday homes. The loans are typically characterized by regular monthly payments, lower rates by deferring a significant proportion of credit to the end of the agreement. Customers can choose the loan terms as per their personal circumstances. The knowledgeable loan consultants expertly guide customers throughout their process. In addition, advisors at Blackhorse Finance offer consultation and guidance for finding the best dealer online. So, if you have not chosen your dealer yet, you can take advantage of this service.

Customer Service

Rated 5/5

Black Horse was formed in 2001 from the integration of Lloyds UDT and Chartered Trust and lends around £1.7 billion to customers, per annum. The performance is impressive and highly trusted in the UK’s financial industry. With more than 5000 dealers nationwide within its network, the company is able to offer excellent customer service and personalised finance at locations nearby customers. If you are confident that you will be able to keep up with your monthly payments, this is a deal worth considering.

The process for loan application is simple and quick and when you become a Black Horse customer, you are automatically registered with their online self-serve facility, which will enable to you access and manage your account quickly and conveniently. Being a part of the prestigious Lloyd’s Group and having won numerous awards, Black Horse is a great option for affordable financing deal for most of the customers out there. The reviews also endorse the excellence of their customer service.