Conditional Sale is the typical option to purchase your vehicle in lower instalments rather than all at once. You will usually need to pay a deposit up front to purchase the car, and your monthly installments are fixed throughout the term of the contract. After you have made your final payment, ownership will automatically pass directly to you.
After you have made your final payment you will be the owner of your car. You do not need to make any additional steps, ownership will automatically transfer to you.
Conditional Sale (CS) is also available for business users. The loan period is fixed up to 5 years and the finance agreement is secured against the vehicle being purchased.
Please seek independent tax advice to find out which finance product is right for your business.