Car Examer

NOVEMBER 2, 2024

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. It’s worth comparing APRs from different lenders, as your credit score and loan term will affect the rate offered.

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Balloon Payment Term Mileage Limit Gap Insurance 59

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.

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Finance Balloon Payment Banking Deal 75

Drive.com

JULY 26, 2024

For more information, including the terms and conditions, click here. For full terms and conditions, click here. The loan term must be over 36 months, and customers must make a 10 percent deposit. The finance loan has a maximum 30 percent balloon payment. For full terms and conditions, click here.

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Balloon Payment Finance Deal Networking 71

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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Balloon Payment Finance Cargo Insurance 52