Quote:
Originally Posted by Chief762x39
Does anyone know of anywhere other than PenFed that has auto loans with a balloon payment? Basically its a loan with a reduced monthly payment, but has a balance that must be paid or refinanced at the end of the loan.
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What's the diff between a balloon and a lease? Are they the same with the diff being that a BALLOON is offered through a CU or other outside lender while a LEASE is through the manufacturer GMAC or whomever?