Balloon Hire Purchase is a versatile financing option with monthly fees significantly lower than standard Hire Purchase/Finance Lease. The “Balloon Payment” amount, which equals up to 50% of the vehicle price, is only payable upon contract end.
|Sample Calculation||Balloon Hire Purchase||Finance Lease|
|Model||GLC 250||GLC 250|
|Car Price (HKD)||$509,000||$509,000|
|Down Payment / Advance Payment (HKD)||$50,900||$60,784|
|Monthly Fee (HKD)||$7,718||$15,196|
|Balloon Payment||50% of vehicle price||40% of vehicle price||30% of vehicle price|