Thread: Amortization??
View Single Post
Old 07-15-2009, 11:31 AM   #30
Sidewinder
 
Drives: 2SS/RJT/A6/Received 09/09/09
Join Date: Jun 2009
Location: Frederick County, VA
Posts: 597
Suggest you visit the person who is setting this up for you and demand an explanation of the financing fine print. Also suggest that if you are new to the process of purchasing and financing a car you may want to have a knowledgable person with you. Usually a balloon payment consists of interest payments only with the principle due in one lump payment and the end of the contract. /B]
Sidewinder is offline   Reply With Quote