Conditional Sale / Hire Purchase
Conditional Sale, often referred to as Hire Purchase, is one of the most common ways to finance a new or used vehicle. This is probably the most straightforward and easy to understand method of vehicle financing.
Conditional Sale / Hire Purchase assumes that you want to own the vehicle at the end of your finance term, so simply splits the total cost of the vehicle (minus your deposit) over the duration of your plan. Once the last monthly payment has been made, the vehicle is yours.