This topic covered Conditional Sale.

  • Simple product, with a straightforward structure and payments profile.
  • Flexible deposits and periods to meet a customer's budget.
  • Title to the vehicle remains with the finance company until all the payments are made.
  • Unlike Hire Purchase, there is no option to purchase fee to pay.
  • Conditional sale agreements can be regulated, exempt and unregulated under the consumer credit regulation depending on the nature of the customer, the amount of credit and the purpose of the lending.