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Showing results for tags 'balloon scheme'.
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dont know much about this "Balloon Scheme" loan thing, saw a few 2nd hand dealer offer this loan. anyone care to explain wth is "Balloon Scheme"? how the thing goes? calculation? anything that consumer mus know about this "Balloon Scheme" loan... good side, bad side... cheers now down pouring on tampines... drive safe
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- car loan
- balloon scheme
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Anyone have any experience with balloon scheme cars which have reached the end of the term and needed to be scrapped ? I know that last instalment for cars under balloon scheme is normally the parf value of the car, hence, I would like to know if it is possible to surrender the car to the finance company during the last instalment month and let them sort it out themselves. The car I am driving now is a bit complicated issue as the owner has passed away and I took over the car few months before she passed away. Still have until July next year to drive and I am worried about the last instalment to the finance company since car is not under my name. Appreciate advise and assistance from fellow forumers. TIA
- 13 replies
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- balloon scheme
- car scrap
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