Balloon Payment Deal Down Payment 
Car Examer
NOVEMBER 2, 2024
Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. For example, if there’s a £1,000 deposit contribution, that amount goes toward your down payment, reducing what you need to put down yourself. Book inspection 1.
Car Examer
OCTOBER 19, 2024
Personal Contract Purchase (PCP) PCP is a popular financing option because it often comes with lower monthly payments. You pay a deposit, followed by smaller monthly payments, and at the end of the contract, you have three options: pay a final balloon payment to keep the car, return it, or trade it in for another.
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