A balloon payment is something you make at the end of a personal contract purchase if you want the car to become yours. (Otherwise it has to be returned.) Calculated in advance, it’s based on what the finance company believes the car will be worth once the contract is at an end. So the shorter the term, the more accurate that valuation is likely to be.
Back to Blog
Now, what can we do for you?
CarMoney offers fiercely competitive rates for car loans. As well as great HP and PCP deals. So that’s pretty much all the bases covered.