Conditional Sale
Conditional Sale is another variation, but with this type of car finance you don’t have to pay a fee at the end, just the monthly instalments. Essentially, you pay for the vehicle in instalments. It belongs to the lender while you’re making the repayments, even though you have possession of it. Once you’ve completed all the monthly payments you become owner of the vehicle.
Good for:
- People of all credit profiles
- People who don't want to make a final large payment and spread the cost instead
