Car Examer
NOVEMBER 2, 2024
Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement. It’s often called the balloon payment. Book inspection 1.
CarExpert
SEPTEMBER 27, 2024
100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. 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. Browse now.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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
JUNE 6, 2024
And does it make sense to pay cash or take a finance deal? Any car finance deal involves taking out a loan with a lender to cover the purchase price of the car, and agreeing to pay it back in instalments, plus interest, over a set period. There are several financial decisions involved in purchasing a new car. Can you afford one?
CarExpert
APRIL 20, 2024
After picking out your dream machine, the aim of the game turns to negotiating a deal that suits you both now and in the long term. 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.
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. Lenders will check your credit history.
Car Examer
DECEMBER 3, 2024
Car finance mis-selling happens when dealers or lenders don’t give you the full picture about the deal you’re signing up for—or worse, when they intentionally mislead you. Here’s how it often plays out: Hidden Commissions: Dealers pocket commissions from lenders for steering you into specific finance deals—and don’t tell you about it.
Expert insights. Personalized for you.
59 
Let's personalize your content