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.

Balloon Payment 59

Balloon Payment Term Dealerships Mileage Limit 59

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.

Finance 59

Finance Balloon Payment Mileage Limit Banking 59

Car Examer

JUNE 26, 2024

Book inspection Personal Contract Hire (PCH) is a type of long-term vehicle leasing where you essentially rent a car for a fixed period and mileage limit, usually between 2 to 4 years. Set Terms : Agree on the contract length, annual mileage limit, and any additional services like maintenance and servicing.

Termination Fee 59

Termination Fee Mileage Limit Early Termination Fees Balloon Payment 59

Car Examer

DECEMBER 3, 2024

Vague or Misleading Terms: Key details like balloon payments, mileage limits, or early termination fees aren’t explained properly. Important Terms Were Glossed Over Did the dealer clearly explain things like mileage restrictions, balloon payments, or what happens if you want to end the deal early?

Finance 59

Finance Balloon Payment Early Termination Fees Termination Fee 59