Car Finance Car Loan Car HP Luigi Motor Services
header image

Car Finance

We can introduce you to a wide range of car finance providers depending on your needs. We use a list of lenders but are not limited to these. All leads will be sent to Blackhorse a rejection from them will then be a decision by you if to try our sub prime lenders all these will depend on your credit history and past debts, and if you have any CCJ's. For our prestige and rare cars we use Black Horse who provide HP agreements and PCP (Personal Contract Plan). Some of our other lenders provide HP/ LEASE and Personal Loan agreements. BlackHorse conform to the finance & leasing association's code of practice. We also have sub prime lenders for people with poor credit scores but this would need to be discussed prior to proposal. All deals sent to BlackHorse will have an APR of 7.9% if term if longer than 35 months.

To apply for car finance or get a quote go to our Used Cars find your chosen car, and click the get a quote blackhorse image, you will then be asked questions like how many months you'd like to borrow over. If you wanted a PCP blackhorse PCP max term is 49 months and the car must be less than 3 years of age. After getting your quote your be given 2 options one is to preform just a credit indicator which will let you know your chances of a pass with blackhorse wiithout affecting your credit rating, and the other is to apply for finance which will run a full credit check, you will then be given a result and someone from our team will ring you during our office hours. If accepted we will arrange for a time for you to view the car and take a test drive. You can normally drive away same day and the finance paperwork can take as little as 10 minutes, All we need is a form of valid ID from you like a driving licence, and using blackhorses new Signit system your asked 3 security questions and the deal is complete.  If we havn't got a car in stock you want, feel free to use the credit indicator below.

Credit Indicator

HP Explained

HP or Hire Purchase, is a loan on the car for a set term, at the end of the term you will own the car in full. HP is normally available between 12 to 60 months. More Info... (large pdf file don't load on mobile)

HP Balloon

No to be confused with PCP, HP with balloon is the same as HP apart from a LUMP payment is deferred till the end of the term, to which is will need to be settled in full this can be achieved by selling the car, paying the balance or part ex against another vehicle you could also refinance if applicable to you. Once the final payment has been made you will own the car in full. The term can range and be up to 49 months in total. More Info... (large pdf file don't load on mobile)

PCP or GFV

Personal contract plan or guaranteed future value is a loan with a lump payment at the end. The lump payment is a guaranteed value from the finance company. You will also have to state the annual mileage you make this is used to value the cars future value, a penalty for any exceed mileage over what was stated is normally applied at the end of the agreement if you decide to hand the vehicle back to the finance provider, Most PCP agreements are for longer than 2 years and blackhorse will allow them up to 37 months. More Info... (large pdf file don't load on mobile)

SAF Approved

SAF Approved

Nicolas Raimo is has passed the special automotive finance competence test.

What is RTI or Asset protection

If your car is declared a "Total Loss" by your road risk insurance company, you will only be paid the 'current market value' of the vehicle at the time of loss NOT WHAT YOU ORGINALLY PAID! Fortunately you can soften the blow with RTI. it pays out as a supplement to your comprehensive motor insurance, so you can afford to replace your vehicle with a similar model.

How does RTI work? if your vehicle is deemed a Total Loss by your road risk vehicle insurer. Return to Invoice insurance will pay the difference between; The Motor Insurance settlement or Glass's Guide Retail Value, whichever is the higher and the net invoice price you paid for your vehicle. For Example; your vehicle is involved in an accident and is declared a Total Loss by your Motor Insurance company. You have RTI and make a claim to make up the shortfall between what you originally paid for the vehicle and the insurance company offer;

Vehicle; Porsche Cayman

Registration Date: 24 May 2007

Net Invoice Price £19,995

Market Value after 2 years: £14,000

Claim Value: £5995.

Eligibility To be eligible for RTI your vehicle must satisfy the following criteria;

tickThe vehicle is up to 10 years old.

tickThe vehicle invoice price is less than £75,000

tickThe vehicle will be fully comprehensively insured throughout the term of the policy.

tickThe vehicle is less than 3.5 tonnes in GVW

tickThe vehicle will not be used for hire or reward (e.g. taxi, speed testing, etc...)

Full Terms and conditions available on request.

What is GAP insurance

If any settlement on your dealer arranged car finance is greater than the amount covered under your RTI policy, then Finance GAP will settle the higher figure. What's more, Finance GAP will cover your for up to 60 months of your loan.

•The cover does not include any warranty charges, insurance premiums, service plans and road fun license included in the purchase price of your vehicle.

•Negative equity from a previous vehicle is not covered under this policy, your vehicle qualifies for RTI/GAP insurance if; vehicle is up to 10 years old and 1000,000 miles at date of invoice.

•Your total loss is covered when it occurs within Great Britain, ise of man, channel islands or a member country of the European community.

•Market Value is greater amount of either the insurance company payout or glass's guide retail value

•And meets all the terms of RTI. Full Terms and conditions available on request or read the Policy Book

We include GAP for free with all our RTI policy's.


Poor Credit?

If you have a bad credit history, or got RED on our credit indicator its more than likely blackhorse will be unable to help, However we do work with non prime lenders which should be able to help. Contact us to fill in a full application once we submit this to our panel of lenders we should get an answer same day.

BlackHorse

We are an approved Blackhorse dealer within the Stockport area. BlackHorse are a leading lender in the car finance industry and a member of the FLA.

Once you submit your full application which takes around 5 minutes, we should have an answer within minutes. After that you can normally drive away within an hour so you can have your car the same day!

We will need your full UK driving license in your current address and signatures are done using blackhorses Online signit system this is more secure than signatures and also saves time