Vehicle finance commission complaints
The Financial Conduct Authority say some customers may not have been properly informed about commission payments on their vehicle finance.
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.
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.