Has anyone run into any problems doing this? Would it be better to pursue leasing through a 3rd party leasing agent instead of Tesla? This isn’t for a business unfortunately, just personal use. Going.
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A balloon payment is a large payment due at the end of a balloon loan, such as a mortgage, a commercial loan, or another type of amortized loan. A balloon loan is typically for a relatively short.
Keep Your Payments Low. A balloon loan is a good option if you need to keep your monthly payments low and know you’ll have the money to pay it off towards the end of the term. Additionally, balloon loans are an option for those people who absolutely need a new car but have no money for a down payment.