About Black Horse
Black Horse is the vehicle finance arm of Lloyds Banking Group and one of the largest motor finance providers in the UK. Operating since 1958, Black Horse has a vast dealer network and a well-established presence in both mainstream and prestige car finance. For buyers of vehicles priced between £30,000 and £500,000, Black Horse represents an accessible entry point into premium finance with strong brand recognition and competitive rates. As part of Lloyds Banking Group, they bring exceptional financial stability and regulatory compliance.
Indicative Rates - October 2026
| Term | Hire Purchase (HP) 7.9% APR | Finance Lease 7.6% APR | Operating Lease 7.4% APR |
|---|---|---|---|
| 24 months | £6,777/mo | £6,757/mo | £6,743/mo |
| 36 months | £4,694/mo | £4,673/mo | £4,659/mo |
| 48 months | £3,655/mo | £3,634/mo | £3,620/mo |
| 60 months | £3,034/mo | £3,013/mo | £2,999/mo |
Example monthly payments on a £150,000 asset, no deposit. Indicative only - actual payments depend on deposit, status and lender criteria.
Black Horse: Lender Profile
Black Horse has been part of the UK motor finance landscape for over 60 years. As the in-house finance brand of Lloyds Banking Group, it operates through a network of franchised and independent dealers as well as specialist brokers. For prestige buyers, Black Horse offers competitive HP and lease products with the security of a FTSE-100 backed lender.
Key Stats
- Minimum loan: £1,000
- Maximum loan: £500,000+
- Typical LTV: Up to 80%
- Typical term: 12–60 months
- Regulated by: FCA
- Parent group: Lloyds Banking Group
Eligibility Overview
Available to private individuals. Strong employment and credit history preferred. Self-employed applications considered. Best suited to UK-registered prestige vehicles from recognised manufacturers. Minimum age 18.
Pros
- Competitive rates backed by Lloyds Banking Group capital
- Extensive dealer network and broad vehicle acceptance
- Strong regulatory standing and consumer protections
- Well-suited to prestige vehicles £30k–£500k
- Proven track record in HP and PCP products
Cons / Considerations
- Less flexible underwriting for non-standard or classic vehicles
- Primarily dealer-facing - access via broker or dealer required
- Limited appetite for exotic low-volume supercars vs specialists
Worked Example: £150,000 Ferrari 488
Worked Example: Ferrari 488 via Black Horse
| Vehicle | Ferrari 488 (2023 plate) |
|---|---|
| Total asset value | £150,000 |
| Deposit (20%) | £30,000 |
| Amount financed | £120,000 |
| Product | Hire Purchase (HP) |
| APR (indicative) | 7.9% |
| Term | 48 months |
| Monthly payment (indicative) | £2,924 |
| Total amount payable | £170,348 |
All figures are indicative and subject to status, underwriting and lender criteria. A formal illustration will be provided before any agreement is signed.