Conditional Sale
Conditional Sale is a combination of Hire Purchase and a traditional loan, effectively it is the same as a Hire Purchase agreement regulated by the consumer credit act.
You pay regular monthly repayments and on the last monthly payment, you pay a small fee, normally under £50, which gives you full ownership and title to the car or equipment.
Within the protection of the consumer credit act you now get projected settlement figures 1/4, 1/2 and 3/4 of the way through the agreement so you know in advance what the settlements will be. In addition it quotes two figures - 1/2 the total HP price, which after paying this amount including your deposit, you can return the goods to the lender. After paying 1/3 of the total HP price, your goods cannot be repossessed without a court order.
At Credo we offer really flexible terms, no deposit deals, low APR's and balloon or residual payment which means that your dream car could be more affordable than you first thought...................GO ON, PUT US TO THE TEST TODAY!
