CS finance, also known as a Conditional Sale agreement, is a type of vehicle finance that means you will automatically own the car once you’ve made your final payment.
CS finance, also known as a Conditional Sale agreement, is a type of vehicle finance that means you will automatically own the car once you’ve made your final payment.
CS finance stands for Conditional Sale agreement. It’s the type of finance that we offer at Moneybarn, and it means that you will only legally own your vehicle once you’ve made your final payment. You will however be the registered keeper of your vehicle throughout your Conditional Sale agreement, until you have made your final payment to the CS car finance company, and essentially bought it from them.
Instead, you pay through monthly payments over a set term, that are deemed affordable to you. CS finance is a great option when considering buying a new or second-hand car, as the rate of interest is fixed through the duration of the agreement. As soon as you have made your final monthly payment then the CS car finance company will transfer ownership of the car over to you.
CS finance stands for Conditional Sale agreement. It’s the type of finance that we offer at Moneybarn, and it means that you will only legally own your vehicle once you’ve made your final payment. You will however be the registered keeper of your vehicle throughout your Conditional Sale agreement, until you have made your final payment to the CS car finance company, and essentially bought it from them.
Instead, you pay through monthly payments over a set term, that are deemed affordable to you. CS finance is a great option when considering buying a new or second-hand car, as the rate of interest is fixed through the duration of the agreement. As soon as you have made your final monthly payment then the CS car finance company will transfer ownership of the car over to you.
CS finance, is really quite simple if you break it down. Here’s what you need to know in more detail:
Do you need a deposit? – You might need a deposit, however it is possible to get CS car finance without a deposit. It depends on a number of personal factors including your credit score.
What agreement length can you have? – The agreement length may vary depending on the finance company you choose. Some finance companies offer CS finance between 12 and 60 months. We offer agreement terms between 24 and 60 months. If you’d like to understand how the agreement length can affect what your monthly payments are, then try out our car finance calculator.
How often do you pay back CS finance? – A Conditional Sale agreement is paid back in monthly instalments, over the number of months, or term length, you agreed to at the start of your agreement. You will not own the vehicle until you make your last payment, until then you will be only the registered keeper of the car.
CS finance, is really quite simple if you break it down. Here’s what you need to know in more detail:
Do you need a deposit? – You might need a deposit, however it is possible to get CS car finance without a deposit. It depends on a number of personal factors including your credit score.
What agreement length can you have? – The agreement length may vary depending on the finance company you choose. Some finance companies offer CS finance between 12 and 60 months. We offer agreement terms between 24 and 60 months. If you’d like to understand how the agreement length can affect what your monthly payments are, then try out our car finance calculator.
How often do you pay back CS finance? – A Conditional Sale agreement is paid back in monthly instalments, over the number of months, or term length, you agreed to at the start of your agreement. You will not own the vehicle until you make your last payment, until then you will be only the registered keeper of the car.
Does the interest rate change? – With CS finance the interest rate is fixed. This means that your monthly payments will remain the same for the duration of the agreement.
When will you own the car? – You will own the car as soon as you have made your final monthly payment. Once this has been paid the CS finance company will transfer the ownership of the car into your name.
If you like the sound of CS finance, then you can use our car finance calculator to show you how our Conditional Sale agreement would work for you, and the term and loan amount you are wanting. You can also speak with one of our friendly Direct Sales Team who can walk you through what a loan might look like for you.Â
If you are still unsure if CS finance is for you, then don’t worry, as there are many different types of car finance available that may suit what you are after. You might also want to consider car finance vs a personal loan and assess which is best for you.
Does the interest rate change? – With CS finance the interest rate is fixed. This means that your monthly payments will remain the same for the duration of the agreement.
When will you own the car? – You will own the car as soon as you have made your final monthly payment. Once this has been paid the CS finance company will transfer the ownership of the car into your name.
If you like the sound of CS finance, then you can use our car finance calculator to show you how our Conditional Sale agreement would work for you, and the term and loan amount you are wanting. You can also speak with one of our friendly Direct Sales Team who can walk you through what a loan might look like for you.Â
If you are still unsure if CS finance is for you, then don’t worry, as there are many different types of car finance available that may suit what you are after. You might also want to consider car finance vs a personal loan and assess which is best for you.
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As specialists in offering bad credit finance, we can help people with CCJ’s and IVAs to get the vehicle finance they need. That is one advantage of a CS agreement with Moneybarn.
Other advantages and disadvantages of CS finance include:
As specialists in offering bad credit finance, we can help people with CCJ’s and IVAs to get the vehicle finance they need. That is one advantage of a CS agreement with Moneybarn.
Other advantages and disadvantages of CS finance include:
In summary, if you don’t have enough money to buy a car outright and you want to keep the car for a long period of time then CS finance is a good choice for you. If you are wanting to upgrade your car every couple of years and don’t mind always having a car of finance, then a PCP deal is more of what you are looking for.
In summary, if you don’t have enough money to buy a car outright and you want to keep the car for a long period of time then CS finance is a good choice for you. If you are wanting to upgrade your car every couple of years and don’t mind always having a car of finance, then a PCP deal is more of what you are looking for.
To get CS finance with us you’ll need:
If you have a car in mind, then make sure it fits within our lending criteria. But if you don’t, no need to worry! We can help guide you through the process.
To get CS finance with us you’ll need:
If you have a car in mind, then make sure it fits within our lending criteria. But if you don’t, no need to worry! We can help guide you through the process.
At Moneybarn, anyone aged 21 – 70 can get a CS car finance agreement, subject to their status and affordability. They will just need to make sure that the car, van, or motorbike they want matches our lending criteria.
Conditional Sale (CS) and Hire Purchase (HP) are very similar types of vehicle finance. They both could, but not always, require a deposit and you pay in monthly instalments to pay off the value of the car. Both are a loan that is secured against the vehicle.
All that differs is that CS finance has no ‘option to purchase fee’ at the end, which means as soon as you have made your final payment then you will be the legal owner of the car. Whereas HP finance will ask you for an ‘option to purchase fee’, which will vary depending on your HP agreement, to purchase the vehicle and make you the legal owner.
You can voluntarily terminate your CS finance agreement in writing and return the vehicle at any time. This is good to know should you no longer be able to afford the repayments.
If you end your agreement less than halfway through by voluntary termination, you will need to pay 50% of the total agreement amount (plus any arrears or charges where applicable). As part of voluntary termination, you are required to return the vehicle.
If a customer wants to end their agreement through an early settlement, they will need to pay the remaining capital. Contact your finance lender to get a full breakdown of what your early settlement figure could look like.Â
No, not until you have finished repaying all your payments as you do not own the car until then. Once you have made your final payment and the lender has notified you that you are now the legal owner, you are able to make legal modifications to the car.
A CS agreement is extremely similar to Hire Purchase. The only main difference is that a HP agreement will ask for a ‘Optional Purchase Fee’ at the end of your monthly payments to allow you to own the car legally. This is often between £100-£200 but can be more. Whereas a CS agreement allows you to own the car automatically after you’ve made all your monthly repayments.
A Conditional Sales agreement is a secured loan. This means that the loan itself is secured against the vehicle. So if you stopped paying for any reason then the lender is able to take the vehicle back to recoup any costs.
There are not many differences between CS and HP finance, but there is one main difference. With CS finance you automatically become the legal owner of the car once you’ve made your final payment, but HP finance will ask you to pay an ‘Optional Purchase Fee’ to own the vehicle at the end of the agreement. This is also known as a balloon payment that is often somewhere between £100- £200.
At Moneybarn, anyone aged 21 – 70 can get a CS car finance agreement, subject to their status and affordability. They will just need to make sure that the car, van, or motorbike they want matches our lending criteria.
Conditional Sale (CS) and Hire Purchase (HP) are very similar types of vehicle finance. They both could, but not always, require a deposit and you pay in monthly instalments to pay off the value of the car. Both are a loan that is secured against the vehicle.
All that differs is that CS finance has no ‘option to purchase fee’ at the end, which means as soon as you have made your final payment then you will be the legal owner of the car. Whereas HP finance will ask you for an ‘option to purchase fee’, which will vary depending on your HP agreement, to purchase the vehicle and make you the legal owner.
You can voluntarily terminate your CS finance agreement in writing and return the vehicle at any time. This is good to know should you no longer be able to afford the repayments.
If you end your agreement less than halfway through by voluntary termination, you will need to pay 50% of the total agreement amount (plus any arrears or charges where applicable). As part of voluntary termination, you are required to return the vehicle.
If a customer wants to end their agreement through an early settlement, they will need to pay the remaining capital. Contact your finance lender to get a full breakdown of what your early settlement figure could look like.Â
No, not until you have finished repaying all your payments as you do not own the car until then. Once you have made your final payment and the lender has notified you that you are now the legal owner, you are able to make legal modifications to the car.
A CS agreement is extremely similar to Hire Purchase. The only main difference is that a HP agreement will ask for a ‘Optional Purchase Fee’ at the end of your monthly payments to allow you to own the car legally. This is often between £100-£200 but can be more. Whereas a CS agreement allows you to own the car automatically after you’ve made all your monthly repayments.
A Conditional Sales agreement is a secured loan. This means that the loan itself is secured against the vehicle. So if you stopped paying for any reason then the lender is able to take the vehicle back to recoup any costs.
There are not many differences between CS and HP finance, but there is one main difference. With CS finance you automatically become the legal owner of the car once you’ve made your final payment, but HP finance will ask you to pay an ‘Optional Purchase Fee’ to own the vehicle at the end of the agreement. This is also known as a balloon payment that is often somewhere between £100- £200.
Learn more about how we could help you get the car finance you need, and what we need from you when you apply.
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Learn more about how our vehicle finance works, from an initial quote to you driving away in your new vehicle.
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited  is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
