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 or unregulated depending on the nature of the customer and the amount of credit.