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Balloon car payment

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MickT_4
MickT_4 Posts: 4 Newbie
We have had a balloon car payment for 12 months and we were wondering is there any way of either renogotiating the deal (eg adding more miles per year on the deal) or whether you could buy the car before the 3 years payment option is completed.

thanks
Mick

Comments

  • savvy
    savvy Posts: 31,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi Mick T
    Just bumping your post up in hope of a reply for you.
    savvy
    Honorary Northern Bird bestowed by Anselm
    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones ;)
  • blue_haddock
    blue_haddock Posts: 12,110 Forumite
    Without reading the terms and conditions i can't say exactly but usually you can't add any extra miles to the contract, if you are doing more miles than you originally agreed to at the end of the contract you can just buy the car and the finance company are none the wiser or you can return the car to them and pay the excess mileage charge which will be so much per mile.

    If you phone the finance company they should be able to work out a figure at which you car buy the car.
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