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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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
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.
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.
Auto Express
OCTOBER 22, 2024
A Lease purchase finance deal offers low monthly payments but there’s a balloon payment at the end and you’re committed to buying the car
CarExpert
JANUARY 19, 2024
There’s a residual or balloon payment due at the end of the lease, which on a five-year lease is about 28 per cent of the vehicle price. . “The government’s policy has made EVs substantially more affordable, and we see that reflected through an almost 40 per cent increase in people choosing EVs to cash in on these benefits.”
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