Conditional financing is a statement from your lender listing the conditions you must meet to receive your loan funds. If the financing is “contingent” or “conditional,” the lender can change your agreement later, leaving you with less advantageous terms.Never take a car from a dealer until the financing — down payment amount, interest rate, length of the loan and monthly payments — is finalized. Be aware of yo-yo scams, which involve the dealership offering you a low interest rate only to rescind their offer later and swap it out with a much higher rate. You can avoid these scams by reading the fine print, asking questions to clarify disclosures you don’t understand and walking away if the terms do not work for you.