What is a Balloon payment option?
With a Balloon payment option you can buy a vehicle and pay for it monthly, over a set period of time (e.g. 60 months) at a fixed or variable interest rate. Your monthly instalments will be lower with this plan, but you will have to make a Balloon payment at the end of the payment term. The Balloon payment amount is determined by the vehicle’s age and the period over which the payment is scheduled. At the end of the term you can refinance the Balloon payment amount, trade-in or sell your vehicle privately, or settle the Balloon payment.
How will this benefit you?
- Competitive interest rates
- Choose between a fixed or variable interest rate
- Various financing options
- Tailored finance to suit your lifestyle and your budget
Kia Financial Services wants to make vehicle finance easier for you. Our flexible finance options allow you to pay for your dream vehicle your way. These options are available through most leading financial institutions. Finance applications are done at the dealership together with the dealerships *F&I. You also have the option to do your own finance application through our own F&I. Fill in the form on the right and we’ll call you back to discuss your options.
*Please read your Finance agreement and accompanying documents for a full list of the inclusions, limitations, terms and conditions that apply to your vehicle finance agreement with the respective finance institution.
*F&I is a term used to describe the finance and insurance officer at a dealership. These professionals are certified and trained to offer you advise on purchasing a vehicle, extra added value products and insurance. They are there to answer any questions you may have and assist you during a vehicle purchase.