hire purchase with balloon
You have already:
- Selected your Jeep.
- Paid the deposit and decided upon the length of your agreement.
- Agreed a final Balloon Payment.
- Agreed monthly payments.
Near the end of your agreement, we'll send you a letter reminding you of your contract's maturity date.
Once you've made all your monthly payments, and paid the Balloon Payment which you've agreed upon, your Jeep is yours to keep. You may also extend the agreed period by spreading the cost of the Balloon Payment, plus interest, over an agreed term.
In the final month of your contract, an 'Option to Purchase Fee' agreed at the start of your contract will be debited from your account and you will then own the car. To find out how much this 'Option to Purchase Fee' will be, please check your contract under 'other financial information'.
For now, simply keep making your monthly payments and enjoy driving your Jeep.
