Has anyone had any experience of not being able to afford the balloon payment at the end of a PCP agreement with barclays but wanting to keep the vehicle?
What would my options be?
Balloon Payment
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Alex
Talk to barclays for options, they maybe able to offer you something. or get a low interest loan with a monthly payment you can afford to pay the baloon payment off with.
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Caroline
My daughter took her car back to the dealer and got a good price in part exchange for a newer car. Payments are about the same and she didn't have to pay anything for mileage being higher than expected.
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Anne
Convert balloon payment to a HP agreement and pay monthly or get bank loan. Either way if you cannot afford monthly payments to finance the balloon payment then you must return the car.
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