|
"BALLOON" DEFERRED PAYMENTS
Introduction
Balloon payments are generally associated with Hire
Purchase (Lease Purchase) or Lease Agreements. The
user enjoys all the usual benefits of their chosen
funding method, however a lump sum or “balloon
payment” is deferred until the end of the
agreement. This balloon payment reduces the monthly
instalments.
This information is correct
at time of publication December 2006.
Platinum is a part of
Renrod Ltd.
Renrod Ltd is authorised and regulated by the Financial
Services Authority. Please ask for full terms and
conditions.
|
