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.


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.

Posted 14/03/2017 Back to Blog

Let's cut to the car chase

  • 1. About the loan

    Got a particular kind of car in mind? If so, how much would you like to borrow? And for how long?

  • 2. About you

    We'd like to know a little more about you. Nothing too personal, though. Any horrors in your music collection can remain your little secret.

  • 3. About ready

    By doing some extensive detective work at incredible speed, we'll soon hunt out the best and cheapest lenders for you.