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I have been declined by Black Horse finance for a motorhome loan. I don’t understand why as my credit rating should be quite good and I always try to pay things back on time. I am in full time employment and take home about £1300 a month. I do have a couple of credit cards but they are not maxed out so I don’t think that’s why they said no. I have found a nice low mileage Peugeot motor home which is for sale locally to me and I wanted to borrow £11,500. Also what is the longest you could do this over as I have noticed on your website that you can do up to 10 years?

Hi Janet. Thanks for your email.

Black Horse finance can be quite fussy when it comes to motorhome loans so don’t let that upset you too much. We have helped a lot of people that Black Horse have turned down so I’m sure we can help you.

The maximum length of the loan depends on how old the motorhome is so we may not be able to arrange finance over 10 years but we’ll do our best to keep the monthly payments affordable for you.

You can complete our quick and easy online application form or give one of our advisors a call to discuss on 0800 066 2882.

For more information you can also CLICK HERE to view our motorhome finance page.

About The Expert

© Pegasus Finance 2024

Pegasus Finance is a trading style of The Car Loan Warehouse Limited

The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Our registered FRN is 662397. Registered Company No. 08127935. All finance is subject to status and income. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we will receive a commission for such introductions. Written quotation on request. Certain exclusions for Northern Ireland residents. Borrowing £8,000 over 48 months with a representative APR of 14.9%, an annual interest rate of 7.7% and a deposit of £0.00. 48 payments of £218.49 per month. Total cost of credit being £2,487.57 and a total amount payable of £10,487.57. Terms available 12-180 months, 5.9%-49%APR. Pegasus Finance do not provide financial advice.
Your vehicle may be at risk if you do not keep up repayments.

We can introduce you to a limited number of lenders that offer finance products, but we do not offer any advice or recommendations. We do not charge you a fee for our services, but we receive commission from the lenders we introduce you to. The commission we receive is either a fixed fee or a percentage of the amount you borrow but the existence of commission does not affect the amount you will pay under the agreement. The commission we receive varies depending on how you are introduced to us, which lender we place you with, and which finance product you choose. We will pass a proportion of the commission we receive to the motor retailer that introduced you to us. The commission we receive and pay will not affect the amount of interest you pay under your credit agreement, when compared to customers in circumstances similar to you. We will always introduce you to the lender that provides products for your needs, at the interest rate suitable for your credit profile. If you ask us, we will tell you the amount of commission we are paid for introducing you to the finance lender.

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