How Balloon Hire Purchase works

What is Balloon Hire Purchase?

Buying a Jaguar through Balloon Hire Purchase gives you the benefit of lower fixed payments so you can enjoy driving your dream car for less.

This form of car finance is similar to a normal hire purchase agreement, but there is a larger ‘balloon’ payment which is deferred to the end of the term. The final balloon payment means the monthly payments are more affordable.

To enter a Balloon Hire Purchase agreement, you simply need to choose your Jaguar and decide on the length of the term. This needs to be between 12 and 48 months. There is added flexibility because you choose the size of the deferred balloon payment, and this plus your deposit contribution is deducted from the price of the car. The monthly payments are then calculated based on the remaining balance plus interest and at the end of the agreement you own the car outright.

To find out more about buying a Jaguar through Balloon Hire Purchase, please get in touch with the friendly team at Roger Young Jaguar in Saltash on 01752 907 544 .

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