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Can I Refinance the Balloon Payment on a PCP Deal?

Hello, i have come to the end of my finance agreement and have been asked to pay off the baloon payment or hand the car back.

I'd like to keep the car if possible so can you refinance my baloon payment? You help / advice would be appreciated :-)

Asked by Tommy

Hi Tommy, thank you for your question. Here at CarFinance 247 we do have options to re-finance balloon payments for customers.

We understand that people can become attached to their cars & that they don't want to hand it back at the end of the PCP agreement. All you need to do is make an application and if approved we'll do the rest. We'll clear the outstanding balloon payment once all the documentation has been signed and then you're free to keep driving your car with a new finance agreement in place.

Please make an application when you're ready to do so and if approved we provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 14 People


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