Balloon payments: Real questions, real answers!
Update: 2025-11-04
Description
One of the choices you can make with your vehicle finance structure is whether to take a balloon payment. With rising car prices and increasing pressure on household budgets, it’s more important than ever to understand the true cost of balloon deals, how they affect total repayment and how to prepare for that final lump sum with clarity and confidence. Lebo Gaoaketse, WesBank's Head of Marketing and Communication, clears up some of the confusion and misunderstandings about balloon payments in this episode of WesBank Talks Finance.
The information does not constitute financial advice and is not to be acted on as such. Please consult your bank or an accredited financial advisor before making financial decisions.
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