The agreement can be settled at any time by the customer by paying the total balance outstanding to the lender.
The lender may allow the customer a rebate of the unused interest - and if the agreement is regulated, the legislation provides for the minimum amount of rebate which should be paid. It may also allow the customer to voluntarily terminate the agreement before the final payment falls due and hand the vehicle back. Click here for more detailed information regarding voluntary terminations.
At the end of a Conditional Sale agreement, once all repayments have been made, title to the vehicle passes to the customer.
