If you are looking to finance a used car, you may have encountered different types of financing options including conditional sale agreements.
This can often throw up more questions than answers and you might be thinking, what is conditional sale car finance and what does it involve?
In this guide, we’ll take a closer look at CS finance and how it works, helping you to make an informed decision.
What is CS car finance?
Conditional sale car finance agreements allow you to spread the cost of new and used vehicles over a set time period agreed with the lender.
Conditional sale agreements are similar to hire purchase agreements because you don’t own the car until you have paid off the agreement.
However, with a CS agreement, you will automatically become the legal owner of the car once all of the payments have been made without having to pay any additional fees.