Refinancing a balloon payment on a high-end vehicle
This month, we are pleased to highlight a successful refinancing solution arranged for an existing client, helping them manage the balloon payment due on their high-end vehicle.
The need:
Our client, an existing NGI Finance customer, reached the end of their vehicle finance agreement and was faced with a significant balloon payment due on their high-end vehicle. Rather than settling the lump sum in full, the client wanted to explore options that would allow them to retain the vehicle while easing the immediate impact on cash flow.
The solution:
Drawing on our existing relationship with the client and our access to a broad panel of lenders, NGI Finance arranged a refinancing solution to cover the balloon payment. This allowed the client to keep their vehicle while spreading the outstanding cost over a manageable term, avoiding the need to find a large sum of money in one go.
As with all our client relationships, we took the time to understand exactly what mattered most, keeping the vehicle on the road and protecting cash flow and structured the deal accordingly.
Why NGI Finance?
At NGI Finance, we don’t just help clients secure finance for new purchases, we’re also here to support them once a deal is in place, whether that’s refinancing a balloon payment or exploring new options as circumstances change.
If you’re considering a new registration and need a quote, give NGI Finance a call. For any questions or assistance, please call us on 01993 706403 or email enquiries@ngifinance.co.uk.
