This topic covered Conditional Sale.
- Simple product, with a straightforward structure and payment 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 and the amount of credit.