cancel
Showing results for 
Search instead for 
Did you mean: 

"Walkaway Balloon" Auto Loan?

tag
Anonymous
Not applicable

"Walkaway Balloon" Auto Loan?

Has anyone gotten a walkaway balloon auto loan? (from credit union). These are loans where you get to choose whether you pay the final balloon payment and keep the car, or just turn the car back in without paying the final payment. 

Message 1 of 3
2 REPLIES 2
Kree
Established Contributor

Re: "Walkaway Balloon" Auto Loan?

sounds like a lease to buy program.

Message 2 of 3
Anonymous
Not applicable

Re: "Walkaway Balloon" Auto Loan?

You actually own the car (not lease). It has really really low payments which is why I like it...but the final payment is bigger.  but you get to decide if you want to pay the last payment because of buy back guarantee.  If you dont want to pay, you return car and doesn't hurt credit.     fiwize offers them, so do some credit unions. pretty cool..

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.