low cost motor finance

Contact Us:

Oxford Motor Village
Woodstock Road
Begbroke, Kidlington
Oxfordshire OX5 1RL

Telephone: 01865 371056

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Opening Hours:

Monday 08:00 - 17:30
Tuesday 08:00 - 17:30
Wednesday 08:00 - 17:30
Thursday 08:00 - 17:30
Friday 08:00 - 17:30
Saturday 08:00 - 17:30
Sunday By appointment

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Conditional Sale (CS)

This type of purchase is designed to give greater flexibility by giving you more options at the end of the contract.

Simply choose your vehicle and deposit you want to pay, how many years you want the contract to run and you expected annual mileage. From this information we can calculate your monthly payment and the future value of the car which is then guaranteed. This is known as the (GFV) guaranteed future value.

At the end of the contract your options are:

  • Hand it back - simply hand the keys over and walk away with no future responsibilities
  • Take ownership - by paying the GFV to the loan provider you will then take ownership of the car
  • Choose a new car or van - part exchange your car to Oxford Motor Village and choose a new one

With Conditional Sale you are also exposed to less financial risk, as the contract that you sign is for a monthly payment across a lease contract term of 2, 3 or 4 years – not the cost of the entire car and the final purchase is optional.


Vehicle ownership

Conditional Sales agreements involve a finance company (Close Motor Finance) purchasing a vehicle on behalf of the customer (the buyer), which allows the customer to pay for the vehicle in instalments. This enables the customer to pay a deposit and take immediate possession of the vehicle; however, the title to goods remains with the creditor until the buyer satisfies the conditions of the agreement. In other words, the finance company own the vehicle until all payments have been made.

The advantages of Conditional Sale:

  • Low risk - A minimum future value is guaranteed
  • Low deposit - keeps valuable personal or business cash available
  • Low fixed monthly payments - perfect for budgeting
  • Choice - Buy the car, part-exchange it or just return it
  • A better car - lower payments can help you choose a higher specification car
  • Tax advantage - the cash alternative when you opt out of a company car scheme is not subject to company car tax
  • VAT free - no VAT on your payments

Please note:

You do not own the vehicle until the end of the contract, which means you cannot sell the vehicle at any time during your contract without the financier's approval.

The vehicle can be repossessed if you do not make your payments.

If you have paid a third or more of the vehicle's value, and dependent on the type of finance agreement, you can have additional legal rights and if you default on payments, the financier would have to obtain a court order to repossess the car.

Apply for finance

For a quotation, help, or advice please contact us on 01865 371056.