Refinance: what are my options

[Ipwn 4]

I have about 50 months to go on my car and my financial position has changed for the better. Currently I have no balloon on my car but would like to add one.

Has anyone else gone through this process? I just spoke to a guy from Wesbank who said it cannot be done

 

[IziWhatNow]

Your financial position has changed for the better, and you want to ADD a balloon payment? Why??? Pay off the car quicker and get done with it

 

[hondaboysa]

something doesn't add up

 

[Heisenborg]

I have about 50 months to go on my car and my financial position has changed for the better. Currently I have no balloon on my car but would like to add one.

Has anyone else gone through this process? I just spoke to a guy from Wesbank who said it cannot be done

No sense, you are making it

 

[web]

I have about 50 months to go on my car and my financial position has changed for the better. Currently I have no balloon on my car but would like to add one.

Has anyone else gone through this process? I just spoke to a guy from Wesbank who said it cannot be done

Sense this does nor make, but there is a company that does do this, vehicle has to be above certain value and a few other criteria can't remember what they were called though, did this as a trick when i got divorced.

 

[falcon786]

I have about 50 months to go on my car and my financial position has changed for the better. Currently I have no balloon on my car but would like to add one.

Has anyone else gone through this process? I just spoke to a guy from Wesbank who said it cannot be done

You mean it has changed for the worse?

If it has changed for the better then rather just pay the car of now.

 

[ABCpt]

If you want to pay it off sooner, just ask for the settlement amount, which I guess could be compared to a 'balloon payment'.

 

[SauRoNZA]

You don't want to add a balloon payment if your position is better, therefore I suspect you don't understand what a balloon payment is.

All you want to do is increase your debit order so that your interest is less and you decrease the loan term drastically.