Balloon Payment Related Topics 
CarExpert
JUNE 18, 2024
At the end of your lease period, you have the option of paying a balloon payment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. And in some cases that works.
Car Examer
NOVEMBER 2, 2024
With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement. At the end, you can choose to make a final payment (called a “balloon payment”) to buy the car, trade it in, or return it. It’s often called the balloon payment.
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Drive.com
FEBRUARY 28, 2024
A chart shown on the Toyota Australia pricing configurator notes the vehicle rental payment for the South Melbourne (3205) example as 80.36 per cent of the total lease payment, making the $1473.80 per cent interest with a 40 per cent ($28,800) balloon payment would cost approximately the same, at $1480 per month.
CarExpert
SEPTEMBER 27, 2024
Once you reach the end of the period, you can either pay the residual or balloon payment – which on a five-year lease is about 28 per cent of the vehicle price – and keep the car. Lease periods are typically between one and five years and have a predetermined expected annual mileage.
Drive.com
AUGUST 1, 2024
The offer is available for finance terms up to five years and is not eligible with balloon repayments. According to Stratton Finance , a balloon payment is a “lump sum owed to the lender at the end of a loan term after all regular monthly repayments have been made.”
Car Examer
JUNE 20, 2024
PCP vs. Leasing PCP (Personal Contract Purchase) Lower Monthly Payments : PCP generally has lower monthly payments compared to HP. Balloon Payment : At the end of a PCP agreement, you have the option to make a balloon payment to own the car or return it.
CarExpert
APRIL 20, 2024
You might choose to put a deposit against the car, or if it’s purchased by a business, a better option might be to select a balloon payment at the end of the loan to reduce ongoing payments. “Whether the payments are weekly, fortnightly or on a different schedule depends on what’s going to suit the customer.”
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