Non

Instalment Sale with a Balloon Payment

A balloon payment is an inflated instalment that is due at the end of the credit agreement. According to the National Credit Act (NCA), a balloon payment can now be offered to any consumer on an instalment sale. It is rather advisable for consumers to be cautious and be aware of the balloon amount added to their credit agreement as they will be responsible for the lump sum payment at the end of the original finance term. 

The balloon amount is traditionally associated with a projected estimate value, which is influenced by the length of the credit agreement, (i.e. 24, 36, 48, 60 or 72 months) and by the market sentiment towards the vehicle being financed. Since the risk associated with a balloon payment is borne by the customer, he/she is liable for the full balloon value at any point of termination of the contract.

It is important to note that all our finance products are regulated under the National Credit Act, which came into effect on 1 June 2007. To find out more about this Act and how it may affect you, read the National Credit Act Summary.

Is your balloon payment due soon?

Refinance is possible!

You can apply for balloon refinance on your Volkswagen within 60 days of it being due.

Refinance is possible!

You can apply for balloon refinance on your Audi within 60 days of it being due. 

Looking for a vehicle?
Click on your preferred brand below!

Contact Us
 

By Phone

 
Head Office: 011 245 7000

Customer Service Centre:
VW - 0861 500 400
Audi - 0861 111 577
 
Motor Comprehensive (Telesure)
086 028 2893
Value Added Products (MotoVantage)
087 312 1073
All Road Product
086 026 6688

Opening Hours 
 

Monday to Friday: 08h00 - 17h00
Saturdays: 08h00 - 12h00