article thumbnail

What is a balloon payment?

Auto Express

If youve ever taken out a PCP car finance deal, you may have heard of a balloon payment. If youre unsure exactly what it is, were here to help.

article thumbnail

Should you pay cash or finance your new car?

CarExpert

There are two main options when it comes to paying for a new car: you can either pay the full sum upfront, drawing on existing savings, or you can opt for a finance package that involves taking out a loan and making periodic payments over a set term. “There are many different ways that someone can structure a finance loan. .

Finance 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tesla offering 1.99 per cent finance on Model 3

Drive.com

Tesla buyers looking to finance their Model 3 could be eligible for a 1.99 The latter is defined as as a combination of “the interest rate plus certain fees and charges related to the finance”, according to brokerage firm Stratton Finance. per cent finance on Model 3 appeared first on Drive.

Finance 75
article thumbnail

How does dealer finance work?

CarExpert

And does it make sense to pay cash or take a finance deal? Even after crossing those bridges and reaching the conclusion you’re ready to organise a loan for a fresh set of wheels, one question still remains – should you finance through the dealer, or look elsewhere? So, how does dealer finance work?

Finance 75
article thumbnail

Why Tesla sales have tanked and why the price will keep dropping

CarExpert

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.

article thumbnail

HP Car Finance – Ultimate Guide

Car Examer

In this ultimate guide, we will explore everything you need to know about HP car finance, including its benefits, drawbacks, and how it compares to other financing options. When it comes to purchasing a new or used vehicle, financing is often a crucial component of the process. One popular financing option is Hire Purchase (HP).

Finance 59
article thumbnail

Guide How to Finance a Used Car

Car Examer

Here’s a step-by-step guide to help you understand your options how to finance a used car and get the car you want without the stress. Buying a used car is a smart way to get on the road without spending a fortune, but how do you go about financing it? Personal Loan A personal loan is a simple and direct way to finance a used car.

Finance 59