What is leisure finance?
Black Horse Leisure Finance helps you spread the cost of a new or used caravan, motorhome or holiday home.
Instead of paying the full cost of the caravan, motorhome or holiday home upfront, you would typically pay a deposit and make monthly repayments which include any interest payable, over an agreed term.
Black Horse buys the caravan, motorhome or holiday home on your behalf and you will become the owner once all monthly repayments and any optional final repayment including interest have been made.
Our finance products
The dealers that we work with may offer a range of finance products. Each of our finance products works slightly differently.
Our products and the differences between them are explained in more detail below.
Further information is also available in our Product Guides. You should read these guides to help you decide which product is right for you.
Caravan Product Guide (PDF, 1.5MB)
Motorhome Product Guide (PDF, 1.7MB)
Holiday Home Product Guide (PDF, 1MB)
Alternatively, why not watch our Finance Product Videos which can be found below.
All lending is subject to status checks and an affordability assessment.
Who are we?
MG Caravan Service & Repair Centre Ltd, trading as MG Caravans & Motorhomes. Company registration number: 5282098. Registered office: Alpha House, 176a High Street, Barnet, Hertfordshire, EN5 5SZ. We are authorised and regulated by the Financial Conduct Authority for credit brokerage. Our FCA firm reference number is 739718.
Who can apply for finance with us?
- All finance is subject to status, terms & conditions apply
- Over 18s only
- UK residents only
It is important that you ensure that you can afford the repayments for the duration of the loan before entering into a credit agreement.
Whose products we offer
We can introduce you to a credit provider who may be able to offer you finance for your purchase.
We do not charge you a fee for our services. We are only able to offer a limited range of finance products from our finance provider, which may be suitable for you and we will explain the key features of these products to you.
We are NOT independent financial advisors. We will provide details of the products available from the lenders that we work with, but no advice or recommendation will be made. You must decide whether the finance product is right for you.
Commission arrangements and interest rates
Rates will be either fixed or based on your credit score. Fixed rates are based on the lender, by a parameter or a number of parameter (for example: the amount borrowed, the age of the vehicle or the manufacturer of the vehicle). Fixed rates are determined by our contractual agreement with the introducing supplier and the supplier cannot change this rate. Credit score-based rates are pre-set and linked to your individual credit rating. Typically, the higher your credit score, the lower the APR you will receive from a credit provider.
We do not receive payment from the credit provider for introducing you to them.
Concerns?
If you have any concerns, please contact us in writing to:
General Manager
MG Caravans
York Way
Royston
Hertfordshire
SG8 5HL
You have the right to refer any unresolved complaint to the Financial Ombudsman Service, Exchange Tower, London, E14 9SR.