CONDITIONAL SALE EXPLAINED

A traditional way to finance the purchase of a vehicle, Conditional Sale (CS) offers a straightforward agreement that involves paying a deposit, followed by fixed monthly repayments, over an agreed repayment period, with a fixed interest rate.

Similar to Hire Purchase, the only difference is that, with Conditional Sale, you automatically become legal owner of the vehicle once all payments have been made.  With Hire Purchase, an option to purchase fee would need to be paid to be registered as the legal owner.

How does it work?

• We will discuss your individual requirements based on the vehicle, the duration of the agreement, the available deposit (normally between 0 to 40%) and your monthly budget
• Repayment periods up to 60 months
• This product is available on new and used vehicles (age at agreement end restrictions apply)
• After paying the initial deposit you make monthly direct debit payments to cover the amount borrowed plus any interest and fees
• The interest is fixed, which means you'll know exactly how much you will repay throughout the term of the agreement
• At the end of your agreement, provided all the payments have been made, the vehicle is yours

Features and Benefits

• Flexible deposit and repayment period
• A fixed monthly payment, so you can budget with confidence
• No annual mileage restrictions
• Ownership at the end of the contract period if all payments have been met

If you want to know more about how Conditional Sale can benefit you and or your business, why not get in touch with our Business Centre Manager, Phil Hendry.

p.hendry@wrdavies.co.uk
01785 205 007

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