Do you have a balloon payment falling due on your vehicle? The majority of us do not have the amount of money saved up in anticipation for the day that we need to settle our Residual/Balloon payments. With the help of Auto1,2,3 there are now 2 options available to customers:
Option 1: If you are at the end of your term and the Residual/Balloon payment is owed, we are able to finance this amount for you at a preferential interest rate and favourable terms.
Option 2: If you are not at the end of your term, then this is the preferable option to go with. We will refinance your vehicle (including the balloon payment). This only would add a small amount extra per month to your current instalment, but it would completely eliminate the burden of having to settle the Residual/Balloon lump sum at the end of your term.
For more information on how we can assist you with this, get in contact with one of our sales executives today…