Black Horse and Jaguar Land Rover (JLR) have announced an extension to their ongoing partnership.
The agreement will see the car finance arm of Lloyds Banking Group continue to provide finance for customers buying new Jaguar and Land Rover vehicles and support retailer finance until the end of 2020. This is an extension of the existing six-year arrangement that began in 2014.
The decision to extend partnership comes as both companies invest in improving the digital aspect of the customer journey. Black Horse managing director Richard Jones said: “Our relationship with Jaguar Land Rover goes from strength to strength, and has played an important role of the Black Horse business over the last few years.
“This partnership is testament to the expertise and tireless work of our colleagues and the ongoing excellent customer service we provide. I’m proud that we’ll continue to partner such an important business as JLR, and to serve its retailers and customers.”
Jeremy Hicks, UK managing director, Jaguar Land Rover said: “This is excellent news for our retailers and our customers as Black Horse continues to deliver a great service, helping to deliver a smooth car buying journey against a backdrop of evolving customer buying habits.”
Earlier this month Jaguar Land Rover (JLR) launched an online subscription product for new cars in the UK, with plans to extend it to used vehicles.
The product – named “Carpe” – is aimed at intensive-use drivers, and features unlimited mileage. Customers subscribe to a vehicle for 12 months, and can choose whether to pay a deposit to reduce monthly payments. Nine models are currently available, with prices ranging from £910 to £2,200 monthly before VAT.