hi all just need some advice on this my payment they want is £10,oooto pay car off i have not got this they told to fill a financial statement which i can offer them £280 a month any body had any luck with this ballon payment thanks
My balloon payment was £3k, i popped to the car dealer where they refused to help but told me it was possible if i spoke direct to the finance part of citroen, so i called and sent a letter showing my I&E and a letter from my IP showing i had an allocated fund to carry on my car payments for the next 24 months, Citroen accepted and in August this year the car is all mine!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If by balloon you mean a Guaranteed Minimum Future Value (GMFV),on a PCP deal you should have equity in the car if you sell it to the dealer.At the worst you can just return the car with no penalty(as long as you`ve kept to the mileage agreement etc).
