Fogem staff have over 12 years funding experience providing specialised finance for clients and their cars. We pride ourselves on being able to offer expertise in the car retail market enabling our customers to attain the car they want with the most appropriate finance options tailored to the individual. With durations of up to 5 years, funding vehicles to their 10th anniversary and competitive rates why look anywhere else just ask what Fogem can do for you...

Conditional Sale (CS)

Conditional Sales agreements involve a finance company (the creditor) 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.

Hire Purchase (HP)

A Hire Purchase agreement is much the same as a conditional sale agreement. The only difference between them is simply that under hire purchase, the consumer is under no obligation to take title to the goods, whereas under conditional sale, transfer of title is automatic upon the completion of the condition (usually of course, the full payment of the vehicle).
Hire Purchase and Conditional Sale agreements are simple and easy to arrange at a dealership. They are convenient, on the spot, finance options which offer flexible repayments suited to the buyer. Interest is fixed so you have a fixed monthly payment. A deposit secures the vehicle and regular payments are made over a pre-agreed period, usually 12-60 months.
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.

Balloon Finance

To reduce monthly payments, a larger payment or lump sum called a balloon payment can be made at the beginning or end of the agreement period. Often the customer would pay a balloon payment on the last installment of their lease.

Credit Protection Insurance (CPI)

Credit Protection Insurance protects you if you have an accident, fall ill or lose your job. In any of these circumstances, this product will ensure you do not fall behind with your finance payments.


The term annual percentage rate (APR) refers to the interest rate, as applied to finance, for a whole year rather than just a monthly fee/rate. In short, it is a finance charge expressed as an annual rate and can be used as a benchmark by which you can judge the cost of borrowing.