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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

Refinance Car Balloon Payment

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 :-)

Posted by Tommy on

Answer.

Hi Tommy, thank you for your question. Here at Carfinance247 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, Edwin

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Question.

Hello, I'm coming to the end of my finance on my car and I'm looking to refinance the balloon payment. Can you help?

Posted by Nigel hall on

Answer.

Hi Nigel, thank you for your question.

We do indeed have access to lenders that enable consumers to re-finance their balloon payments. Whether we can get you approved will depend upon your financial circumstances, and the amount you can borrow will be dependent upon your income. We do search the market to get you the best deal though.

Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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