Car Finance with a ballon payment.
Car Finance with a ballon payment.
Author
Discussion

rollerderby

Original Poster:

93 posts

201 months

Tuesday 30th January 2018
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Can you get a car loan with a ballon payment for something around 8 years old,Merc value around 22k?

rfoster

1,482 posts

284 months

Wednesday 31st January 2018
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Yes possibly - it would be a hire purchase with balloon payment rather than a PCP type agreement, the car would be too old to offer a guaranteed future value on. Worth getting figures for a 60 month hire purchase as well, as the payments may be similar to 3 years with the balloon.

Butter Face

34,891 posts

190 months

Wednesday 31st January 2018
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Yes you can.