How does balloon auto financing compare to a lease?
Balloon auto financing gives you all the benefits of a lease but a lot more flexibility. Unlike with a lease, you will actually own the vehicle if you choose balloon auto financing. You will enjoy low monthly payments, similar to what you would pay on a lease. While most leases require a down payment, balloon auto financing does not. Balloon auto financing also gives you more options at the end of the term than leasing. You can return the car to the dealership with balloon auto financing, but you can also keep the car, sell it, or trade it in.
