Vehicle finance discretionary commission complaints
The Financial Conduct Authority says some customers may have been charged too much on their vehicle finance before 2021.
Get support with commission complaintsConditional Sale
If your customer wants to own the vehicle at the end of the agreement.
How Conditional Sale works
Customers put down a deposit and borrow the rest of the cost of the vehicle. They pay this remaining amount back monthly over the term of the agreement. At the end of the agreement your customer owns the vehicle.
Available for cars, motorcycles and vans.
Pay the deposit
Your customer puts down a deposit of around 10% of the vehicle price and pays the remaining cost of the vehicle over the term of the agreement.
Fixed repayments
Monthly repayments are fixed during the agreement and spread equally throughout the term, including interest. The agreement is up to five years (60 months).
No lump sum
There's no lump sum to repay at the end of the agreement, unless an optional balloon repayment is set.
Optional balloon repayment
An optional balloon repayment is available, payable at the end of the agreed term. This can help to reduce the monthly payment amount.
Your customer will own the vehicle
At the end of the agreement your customer pays the title transfer fee and becomes the legal owner of the vehicle.
Finance is secured against the vehicle
If your customer is unable to keep up with their payments we may repossess the vehicle.
See how it works
An introduction to Conditional Sale, why your customers might consider it as a finance option and things to think about.
Our finance products
We offer a range of finance products depending on your customer’s budget and vehicle needs.
- Fixed monthly payments
- Early repayment options
- Option to own the vehicle at the end of the agreement
- Option to exchange the vehicle at the end of the agreement
- No excess mileage charges
- No vehicle condition charges (Wear and Tear)
- Fixed monthly payments
- Early repayment options
- Option to own the vehicle at the end of the agreement
- Option to exchange the vehicle at the end of the agreement
- No excess mileage charges
- No vehicle condition charges (Wear and Tear)
Personal Contract Purchase (PCP)
If your customer wants the option to change or upgrade their vehicle.
View product- Fixed monthly payments
- Early repayment options
- Option to own the vehicle at the end of the agreement
- Option to exchange the vehicle at the end of the agreement
- No excess mileage charges
- No vehicle condition charges (Wear and Tear)