BALLOON HIRE PURCHASE
This plan is the same as conventional hire purchase with one key difference- there is a larger 'balloon' payment deferred to the end of the agreement. This reduces the fixed regular payments. However, unlike Land Rover Freedom, the final balloon payment is not optional and the future value of your vehicle is not guaranteed.
HOW IT WORKS
Just choose the Land Rover your want and decide your agreement term between 12 and 48 months.
Then choose the amount of the balloon payment that you will defer to the end of the agreement (subject to a maximum set by Land Rover Finance).
The balloon payment and any deposit are deducted from the price of your car. You make regular payments based on the remaining balance plus the agreement interest.
At the end of the agreement, following the settlement of the balloon payment, you will own your Land Rover outright.
CUSTOMER BENEFITS
- Fixed regular payments for easy budgeting.
- Your regular payments are reduced because the balloon payment is deferred to the end of the agreement.
- You own your Land Rover at the end of the agreement.
ADDITIONAL BENEFITS FOR BUSINESS CUSTOMERS
- Interest charges are allowable against tax
- A proportion of the car's value can be written down against profits because it is an asset on your balance sheet (CO2 based)
For more information on Land Rover Balloon Hire Purchase please contact either of our Land Rover dealerships.
