Porsche Panamera Turbo 2010
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£33,160.61
18/03/2020
Regulated Hire Purchase
Programme Manager
Berkshire
Did you know that you can refinance your balloon payment when it falls due at the end of your car finance loan? This is a great way to secure longer term prestige car finance? For many customers, the ability to spread the balloon payment for their car out over a further term can be a great option, particularly if it can be done with a very low APR.
This customer had owned his 2010 Porsche Panamera V8 Turbo for a number of years, having previously taken out his Porsche Panamera finance with the main dealer. However when the customer was required to pay the £33,000 balloon payment, he spoke to us and we were able to finance the outstanding payment over a 4 year payment with a further £14,650 Porsche finance balloon payment at the end of the new four year term.
Refinancing a car with a balloon helps to keep the monthly payments affordable, such as the case with this client’s 10-year-old Porsche Panamera V8 Turbo. Fast Car Finance has seen a rise in the number of clients who decide to keep their car when the balloon payment is due and it is a great strategy if you want continued long term ownership of such a stunning car.
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