Deferred payment

Deferred payments are sometimes referred to as 'balloon payments' or 'final lump sum payments'.   A deferred payment option allows you to defer a portion of the amount financed to the end of the agreement so you can:

  1. reduce your monthly repayments; or
  2. finance a higher amount.
The amount you can defer is dependent on the type and age of the car, the term and the amount of finance.  The deferred amount falls due for payment at the end of the finance term.

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