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Retail Balloon Financing


For those looking for the best of both worlds, consider purchasing with a final balloon. With this option, you own the vehicle while keeping your monthly payments in the range of a lease. Once the initial payment period is complete, you have the option to refinance the remaining amount.
ADVANTAGES
  • Like a lease, your monthly payment is lower than with full financing.
  • Little or no down payment required.
DISADVANTAGES
  • Balloon financing comes with a mileage limitation, which is determined during the leasing process.
  • Early termination of a lease may carry a penalty.