Last updated: 5 July 2026
Black Horse (Lloyds) Car Finance Compensation
Black Horse is a major UK motor finance brand. Many claims relate to historic discretionary commission. You complain to the named lender using their official complaints channel. Our tool generates a lender-addressed letter template, and we are not the lender.
Provision and news context
Larger lenders have publicly discussed significant provisions for motor finance redress. Figures in press releases are corporate estimates, not a promise of your individual payout.
How much compensation could you receive?
While the FCA estimates the average UK motor finance payout is around £829, your actual refund depends on the size of your loan, the markup applied, and the term. For example, on a four-year Black Horse PCP agreement of £18,000 with a 3.5% interest markup, the overcharged interest would be £2,520. Adding 8% statutory compensatory interest (£201.60) brings the illustrative refund to £2,721.60.
Lloyds car finance connection
Lloyds Banking Group includes major motor finance brands, most notably Black Horse, which is their motor finance arm. Any queries relating to Lloyds car finance compensation are handled through Black Horse's complaint processes. Public reporting has covered large provisions for potential redress across Lloyds Banking Group, but your individual claim still depends on your agreement facts and regulator rules.
Frequently asked questions
- Is this site Black Horse?
- No. We provide document generation only. Contact Black Horse directly for account-specific questions.
Ready to Claim Your Motor Finance Refund?
Don't let Claims Management Companies (CMCs) take 30% of your payout. Calculate your potential discretionary commission refund and generate a legal-grade complaint letter in 60 seconds.