Conditional Sales (CS) withStoneacre

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Conditional Sales with Stoneacre

What is a Conditional Sale (CS)?

Conditional Sale Car

Conditional Sale (or CS Finance) is a type of 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 finance.

Why choose CS Finance?

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 with more flexible terms than with other alternatives. At Stoneacre, our friendly finance team work to find the best deals for you, and we have a plenty of lenders who offer exceptional CS Finance agreements.


Representative Example

Cash Price£16,551.73
Deposit£1,578.78
Term49 months
Payment£367.83
Amount of credit£14,972.95
Fixed Interest4.99%
Representative APR10.62%
Total Charge for credit£3,449.86
Option fee (included in total charge for credit)£399.00
Total Amount Payable (Incl. Deposit)£20,001.59

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 may 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.

Conditional Sale Agreements Explained

We'll now break down a Conditional Sale for you - from the initial deposit, to its agreement lengths and interest rates.

CS Car Finance Explained:

2020 Kia Niro Hybrid

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 choose longer term, the interest will also be higher, so you can pick a shorter term to save money.

Fixed Interest Rate

With CS Finance, the interest rate remains fixed, so monthly amounts won't increase.

Deposit or Full Cost?

The deposit is typically around 10%, which you will need to pay at the beginning of the agreement. You can also part-exchange your current car to contribute towards the deposit. Another option is to instead cover the full car purchase price with the fixed monthly payments, which are usually more expensive than the option with a deposit. 

Conditional Sale Pros & Cons

  • You'll own the vehicle at the end without having to pay a balloon payment
  • The CS finance is secured against a car rather than the borrower
  • There are flexible finance agreement options
  • The finance company is the owner of the vehicle until the last payment is paid
  • The car can be repossessed if you don't keep up with monthly payments
  • Monthly payments tend to be higher than with PCP and leasing
  • Conditional Sale Pros
    • You'll own the vehicle at the end without having to pay a balloon payment
    • The CS finance is secured against a car rather than the borrower
    • There are flexible finance agreement options
  • Conditional Sale Cons
    • The finance company is the owner of the vehicle until the last payment is paid
    • The car can be repossessed if you don't keep up with monthly payments
    • Monthly payments tend to be higher than with PCP and leasing

Conditional Sale FAQ

Can I cancel a Conditional Sale agreement?

If you want to put an end to a Conditional Sale agreement, you need to check if you've paid at least half of the total sum you require. If that is the case, then you can end the agreement without having to pay anything extra, but if you've paid for less than half, the lenders will ask you to continue until you've reached this halfway point. 


What is the difference between Conditional Sale and Hire Purchase?

The main difference is that you will own a car at the end of a Conditional Sale agreement, but you don't have to pay the balloon payment, that is the case with Hire Purchase. Other than that, both these car finance types have almost identical conditions and are very similar.


Who is Conditional Sale available to?

Conditional Sale finance is available to the large majority of people. Even if you have had difficulties with bad credit in the past, you can quickly check your eligibility with a Free Finance Check and no impact on your credit score.



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