Balloon Hire Purchase is a versatile financing option to maintain lower monthly instalment with flexible repayment methods at the end of the agreement. You will pay equal monthly instalment and a predetermined balloon payment at the end of the agreement.
With Balloon Hire Purchase, you can put your decision of owning the car at contract end. At the end of an agreement period you can:
- Make the final payment and take ownership of the vehicle;
- Trade the vehicle in for a new model; or
- Extend the agreement period by spreading the cost of the final payment