🚗 Vehicle Finance Quote Summary
Finance Product: CS
Here’s a quick breakdown of how Conditional Sale (CS) Finance works:
- 💸 Deposit Upfront: You start by paying a deposit—usually around 10% of the car’s price.
- 📆 Fixed Monthly Payments: The remaining balance (plus interest) is paid off in regular monthly instalments over a set term (typically 2–5 years).
- 🚗 Ownership Guaranteed: Once all payments are made, you automatically become the legal owner of the vehicle—no final fee required.
- 🔒 No Mileage or Condition Restrictions: Since you’re buying the car outright, there are no limits on mileage or wear-and-tear penalties.
- 🛠️ Modifications Require Permission: Until the final payment is made, the lender technically owns the car—so modifications need approval.
- ✅ Simple Structure: No balloon payments or surprise fees at the end—just straightforward financing.
- 📉 Higher Monthly Costs Than PCP: Because you’re paying off the full value of the car, monthly payments tend to be higher than other options like Personal Contract Purchase (PCP).
Below is an example of buying a car for £7295 paying a deposit of £295
💰 Pricing Breakdown
| Item | Amount |
|---|---|
| On The Road Price | £7,295.00 |
| Customer Deposit | £295.00 |
| Total Deposit | £295.00 |
| Balance to Finance | £7,000.00 |
📆 Finance Details
| Item | Value |
|---|---|
| Monthly Payments (x48) | £192.94 |
| Duration of Agreement | 48 Months |
| Total Amount Payable | £9,556.12 |
| Total Charge for Credit | £2,261.12 |
📈 Rates
| Type | Rate |
|---|---|
| Representative APR | 15.5% APR |
| Interest Rate (Fixed) | 6.5% |
📄 Terms and Conditions
- We can introduce you to carefully selected lenders and may receive a commission for the introduction.
- Representative finance examples are for illustrative purposes only.
- Finance is subject to status and available to UK residents aged 18 and over.
- The lender will pay commission to the credit broker for facilitating the arrangement of your vehicle finance agreement.
- This commission is not an additional charge to you and is calculated as a percentage of the loan amount (subject to a maximum limit).
*The above example is purely for illustrative purposes only and is not an offer or guaranteed quote. Individual circumstances apply.