Car Examer
NOVEMBER 2, 2024
Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. 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.
CarExpert
JUNE 18, 2024
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.
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CarExpert
JUNE 6, 2024
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. Some manufacturers and dealers have a dedicated in-house financing arm, while others outsource the process to an approved financier.
Drive.com
JULY 26, 2024
The finance loan has a maximum 30 percent balloon payment. For reference, Stratton Finance says a balloon payment is “a lump sum owed to the lender at the end of a loan term after all regular monthly repayments have been made” For full terms and conditions, click here. The brand is offering a 3.99
Drive.com
MARCH 25, 2024
When estimated to equal terms – a four-year finance term, zero deposit, 15,000km annual allowance, and an equal balloon payment, where possible to set it on each brand’s website – the Kamiq costs $120 per week (at a 6.99 per cent comparison rate), a Seltos S is $129/week at 9.8
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