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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Will i get approved for car finance with Black Horse?

Hi, I want to buy a new car which is £23000 and was wondering if I would get credit from black horse with a credit score 748?

I have a deposit of £4000 to put down. What do you think my chances of getting credit would be? Thank you

Posted by Sami C on

Answer.

Hi Sami, I know Black Horse typically only approve individuals with a good credit record but I do know that they have a "rate for risk" product whereby they may approve you but you pay a higher than normal APR as you're seen as a higher risk to someone with an exemplary credit record.

So in answer to your question - Black Horse can potentially help. The £4k deposit will certainly help.

On the other hand, we work with a large panel of offers that can offer finance agreements to those with varying credit and personal circumstances, so we should be able to help you with finance (if you wished to apply). If you do want to see if we can help, please make an application. If approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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Question.

Hi, i am wanting to take out car finance on a Range Rover with black horse. My deposit would be £20,000 and the cost of car would be £46,000.

I have a fair to good credit rating and have just paid off a credit card in full and am going to pay my loan off before applying. What is the chance it would go through?

Posted by Scotty on

Answer.

Hi Scotty, thank you for your question.

Is there any particular reason you want finance with Black Horse? I ask this as we work with a large panel of lenders, so we may be able to find you a better finance deal. In regards to Black Horse, however, with a large deposit and a good/fair credit rating, they may be able to offer you an approval.

However, if you'd like for us to search the market for you to see what finance option we can find for you, please make an application. If approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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