Assuming your credit profile is
|Car finance rate||XX% APR|
|Cost of credit||£ XXX|
|Total repayment||£ XX,XX.XX|
|48 monthly payments of||
£ 245 /mo
Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.
Submit your details and choose from a fantastic range of car finance deals.
If successful we’ll organise everything with the lender.
All that’s left to do is to enjoy your new car for the duration of your contract.
A balloon payment is a lump sum owed to the car finance company or bank at the end of the finance agreement.
A balloon payment is the final repayment at the end of a PCP (Personal Contract Purchase) car finance contract which you must do in order to own the vehicle. Here at Carplus.co.uk we can help you to get finance arranged for your PCP balloon payment. You can keep your car with monthly repayments that will suit your budget and affordability.
Many people have a problem of finding cash to pay the PCP balloon off at the end of the agreement. This is why we offer our customers the chance to refinance their balloon payment balance. We can often get our customers refinance at a better rate than the initial car finance agreement.
Your dedicated account manager will get your approved for the ballon refinance deal.
Understand your finance options and decide on refinance term and monthly repayments.
Carplus will repay the PCP balloon payment to your car finance company and the car is yours.