HOW TO GET A GOOD WRANGLER 4XE Deal; Buckle up for a LONG read! (Part 3)

[freshwater]

The Best Finance Rates & Hacks! Submit your CU recommendations!

Sometimes it can be better to finance a car rather than lease it! Some of the reasons this may be true include: Federal EV credit - some lease originators may not pass the full Federal EV credit or state credits. Through financing or balloon loans (another type of financing, you can take advantage of these credits if you have the tax liability) High Lease Money Factor - some lease originators have a very high money factor, higher than what it would cost to lend from another bank! Combined …

This link has info about few CU who do Balloon Financing.

Edit: This link has at least 3 CU doing Balloon loans. Above link was not for Balloon loans just CU

Better Than a Lease? A Balloon Loan Primer

The purpose of this wiki is to consolidate balloon loan guidance and help the community better understand this alternative financing option. Anybody, with proper trust levels, can edit this wiki and contribute additional content. Why Consider A Balloon Loan… A balloon loan combines features of a lease, such as low payments based on a residual value, with features of a loan, such as direct ownership. This type of financing is now gaining popularity with captive lenders, who may call them “Sel…