How can we find these CUs do balloon loan? Is there a list?
I just tired of find one then not eligible for the membership… 
Anyone have the new vehicle hot sheet for May and beyond? All I can find on AFG’s site are till april
Thanks for the recommendation on Hanscom FCU. No balloon after doing the math as I’d have probably been always underwater, so I ended up going with a regular used car loan with a pretty aggressive 2.24% 60 months.
I’m in NJ and just did the donation to join … The loan was approved in a half hour (through a phone call), then paperwork and check were sent out to the dealer within basically 1 business day. I signed electronically with DocuSign, although they still need wet signatures so the paper envelope is on its way. Not bad considering the MDW bank holiday.
I’m sure it’d have been a positive experience with the ballon loans too, everyone I spoke to (application lady, loan officer, customer service once to enable me to login online) has been nice and helpful … Not a given for sure!
Thanks all!
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Nice! What car did you end up picking up?
A Giulia QV 
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What was the rate on the balloon loan?
Their website says you have the option to return the vehicle:
… so being underwater may not be that large of a concern.
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I’ve only seen Ford with an Option plan… someone else mentioned one other brand but I don’t think Kia Financial has their own Balloon plan.
I returned my 330e lease last year after I got in on the BMW Owner’s choice bonanza started by @andyecon back in spring 2019. I returned the car in WA where OC program isn’t offered so I expected a fair bit of pushback/handholding, but the process was painless. 10/10 would do again if I ever move back to TX and need a PHEV.
I was told by TXCU, balloon rate and regular rate are same…
But I will take that with a grain of salt, and prepare a backup plan
I also returned my 330e outside of TX without any issues!
That was the deal that turned me into a leasehacker… since returning the 330e in February of 2021, I have leased/bought/sold three cars and made money on each, but nothing got me as psyched as the 330e hack.
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Simply for the exercise…
This is for a basic 2022 Taycan 4S, financed at Hanscom (using their calculator).
The 7,500-mile option (more than enough for my needs) drops the 24-month BTaL payment down to $1,750.
Not much of a cash flow advantage, and the APR on the balloon option is 40% higher (and applies to a higher balance over the entire term compared to a fully-amortized 72-month loan).
Makes me comparatively glad I went with a low APR PLOC product. Two year draw period with interest only due during that period, so your monthly could be whatever you want it to be, as long as you are comfortable that you can make that “balloon” payment (aka principal) at the end.
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This thing works well when you can find discount of your vehicle.
The balloon payment based on RV same as lease, so, like TRX, where the bank set RV according to 95k which is they believed, if you can get 10k discount, then this payment makes sense.
For example, for 3 yr ownership, a 60month balloon cost just $1000 more than the 60month fix but cut 40% in monthly payment.
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Makes sense.
I’m just trying to apply the concept to something I might actually want, to see if there’s any point in considering an alternate way of acquiring it.
This is the just first example I plugged into the calculator.
Rate was 1% higher and the car price was higher than MMR (due to very high-low mileage) … so it worked out better with a regular used car loan.
Because you carried more loaned amount(generate more interest) thru balloon payment, plus, it’s compound rate.
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Not only is the purchase price too close to the MRM, but the RV for the Taycan via AFG is not great.
These fundamentals suggest a balloon loan may not be the best option.
That said, best approach here is the large down payment option, so you are paying only debt service over 24 months. Here is an example w. $30K down.
Your 24mo payment is now $399.
This is the approach I used for my Model S (but it has better program terms).
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I guess I have indeed picked the wrong car, the wrong financing tool, or both. 
If you factor in the down payment, you’re looking at effective payments that look like this:
Compared to a 72-month loan with no down payment:
Or (gasp) an 84 month with no down payment:
[oops, minor transposition error on the loan amount, but I also guessed at the interest rates… close enough for discussion purposes]
2022 PORSCHE TAYCAN AWD 4D SEDAN 4S
BL payment at $399/mo with $30K DAS
After 2 years you will pay $399x24 + $30K = ($39,576) and buyout for $85,881
Based on 2020 Taycan on Manheim, you sell it for $123K and clear $36,119
Your total cost of ownership is $3,457
Your effective payment is $144/mo.
Versus
2022 PORSCHE TAYCAN AWD 4D SEDAN 4S
Conventional financing 84mo 5% $1,695/mo with $0 DAS
Keep for 2 years, you will pay $1,695x24 = ($40,680) and buyout for $89,864
Based on 2020 Taycan on Manheim, you sell it for $123K and clear $33,136
Your total cost of ownership is $7,544.
Your effective payment is $314/mo.
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Wouldn’t it be better to compare with $30k down on the conventional loan? Or add as a third line?
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