Balloon Payment Insurance Mileage Limit 
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.
Car Examer
OCTOBER 19, 2024
Fixed monthly payments : This makes it easier to budget since your payments stay the same. No restrictions : You won’t have any mileage limits or conditions to worry about. Personal Contract Purchase (PCP) PCP is a popular financing option because it often comes with lower monthly payments.
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