🚗 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.
