Under a conditional sale agreement, the purchaser never gets title until the final payment is made.

Conditional Sale Agreement

A sales contract in which the buyer gains possession of the item, but its title and right of repossession remain with the seller until all payments are made.

Title

A formal right of ownership of property, which signifies the owner's legal possession and control.

Final Payment

The last payment in a series that settles a debt or completes a purchase agreement.