IS CONDITIONAL SALE FINANCE RIGHT FOR YOU?
What is CS Finance? - Conditional Sale Car Finance
CS Finance is a Conditional Sale agreement where you own a car once the last monthly payment has been made. During this agreement, you'll be a registered keeper of the vehicle, but the finance company remains its owner throughout the term until you've paid off the Conditional Sale finance.
Why choose CS Finance to buy a car?
CS Finance is a great option if you are considering a new or second-hand car. There is no 'option to purchase' fee at the end, so you can be happy knowing that you have a fixed interest rate and monthly payments, and own the car when your agreement has finalised. At Stoneacre, our friendly finance team will work to find the best finance deal for you, and we have plenty of lenders who offer exceptional Conditional Sale agreements, even if your credit rating is poor.
Representative Example
This represents an average of the deals that our customers receive on other vehicles
We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders will pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions. Offers available to everyone over the age of 18, subject to credit approval.
How does a CS car finance work?
We'll now break down a Conditional Sale for you - from the initial deposit, to its agreement lengths and interest rates. Conditional Sale finance agreements are fairly straight forward - here’s how it typically looks:
Agreement Length - You'll need to decide the agreement length (usually somewhere between 12 and 60 months). One thing to keep in mind is that if you decide on a longer term, the interest will be higher, so you can pick a shorter term to save money.
Fixed Interest Rate - With finance type CS, the interest rate remains fixed, so monthly amounts won't increase.
Deposit - The deposit is typically around 10%, which you will need to pay at the beginning of the Conditional Sale agreement. You can also part-exchange your current car to contribute towards the deposit. Another option is to go for a nil deposit option, but this would incur higher monthly payments.
Monthly payments – Split the full cost of the car into monthly payments, which you will repay over the agreed term. However, it is important to note, that you will not own the vehicle until the last monthly payment has been made.
If you're looking to buy a new or used car, then a Conditional Sale car finance agreement could be right for you.
Step by Step Guide to CS Car Finance
We make car Conditional Sale finance easy with the help of our dedicated in-house team. Just follow these simple steps.
1. Find the Right Car
Conditional Sale agreements are available for both new and used cars. Use our built-in finance calculator on new car listings to instantly see your monthly payment options, or call our team for personalised quotes on any used vehicles.
2. Check Your Eligibility
Complete our quick online eligibility form to see your finance options without affecting your credit score. Our soft search technology gives you an instant decision, so you'll know where you stand before taking the next step.
3. Secure Your Pre-Approval
Once eligible, our finance specialists will contact you to finalise your pre-approval. We'll guide you through the remaining application steps with same-day decisions available, getting you one step closer to your new car.
4. Complete Your Purchase
Our team will help you select your ideal vehicle and arrange a convenient dealership appointment. We'll handle all the paperwork and ensure you receive the most competitive Conditional Sale package available.
Conditional Sale Finance (CS) Pros and Cons
For some, CS car finance works perfectly well if you are looking to buy a new or used car with flexible terms.
What is the difference between CS Finance Vs HP?
Conditional Sale and Hire Purchase finance are very similar; however, the key difference lies in what happens at the end of your agreement.
With Conditional Sale finance, you automatically become the vehicle's legal owner after making your final payment – no additional fees required.
In contrast, Hire Purchase requires you to pay a nominal "option to purchase fee" at the end of your agreement to acquire ownership.
When comparing CS vs HP, Conditional Sale is more straightforward with no surprise costs. With HP finance, you'll be informed of your "option to purchase" price upfront, so there are no hidden expenses.
