B - Balloon payment

05 June 2006

Balloon payment - The final amount due as part of a Personal Contract Purchase (PCP), also known as the Minimum Guaranteed Future Value (MGFV). For more details see PCP and Finance.

For whatcar.com's guide to contract hire and leasing click here

Haymarket Logo What Car? is brought to you by Haymarket Consumer Media
What Car? is part of Haymarket Motoring
© Haymarket Media Group 2016