Important update
    Motor finance commissions arrangements

    The Supreme Court has handed down its judgment in relation to the appeal regarding the motor finance commissions arrangements. Close Brothers is considering the judgment – any updates will be made available on our website. We continue to operate as normal and understand the importance of keeping our customers informed.

    Conditional 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.

    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.

     

     

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