Can I Have A Balloon Payment On My Bike Loan?

What Is A Balloon Payment?

A balloon payment is often used to reduce the monthly instalments by leaving a larger lump sum final repayment.

Business’ often use balloon payments to increase the interest component of each repayment as this would usually be the only tax deductible part of a loan repayment, therefore a higher proportion of their outgoing cash flow is tax deductible.

Balloon payment for motorbike loan

Our lenders:

* Based on a finance amount of $30,000, secured car loan on a 5 year term versus the lowest advertised rate of the big 4 banks.
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