Stratton Finance Ask: “Can a Balloon Get you There Faster?”
If you’ve never financed before, chances are you’ve not heard of a residual value (or balloon payment as some people call it) or how it works.
It’s something similar to a deposit except it comes at the end of your loan term instead of at the start.
It’s a fantastic way of lowering your monthly payments by reducing the amount payable during the loan term.
To find out more about balloon payments and how they can help you, check out the full article in Issue 24 of the What’s Up Downunder Digital Magazine for more information.