Balloon Payment Banking Customer 
CarExpert
JUNE 6, 2024
At their core, dealer finance packages are no different to the loans sold by banks and other financial institutions. The loan may or may not include an upfront deposit, or a ‘balloon payment’ – a one-off lump sum you agree to pay your lender at the end of the loan term.
CarExpert
APRIL 20, 2024
It’s an option for buyers who have money in their bank account ready to go, whether it was intentionally saved for a new car or otherwise. 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.
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