If you’re considering choosing a balloon payment when financing a new car, you’re not alone. South African banks report that as many as a third of car loan customers are choosing the maximum balloon ...

Whether you finance or lease, you may have the option of a “balloon payment” at the end of the term. A balloon payment on a car is a large payment due at the end of the loan or lease term. Try This: 4 ...

Balloon payments are large, end-of-term payments on loans that only partially amortize over their term. These loans can increase initial purchasing power but risk foreclosure if the balloon payment ...