Balloon payment on Finance lease...

Discussion in 'Random Chat' started by Rugmunching, Dec 12, 2021.

  1. Rugmunching

    Rugmunching Well-Known Member

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    One of my vans (vivaro) is up in April with a balloon payment but its on a finance lease plan where I can't buy it myself but sell it to a third party.
    I'd like to keep it as its a decent van and look to upgrade my other van (transit custom which I did initially sell but ended up buying it back :rolleyes:) later on in the year which is already paid for.

    Anyone done this with a finance leased vehicle?
    I've been told few different things like someone who isn't registered at my address with a different surname can but it pay the balloon direct to the lease company but I assumed they had to be vat registered??

    I've always either bought my vans or done HP finance so not familiar with this one (vivaro) on the lease...
     
  2. merit

    merit Well-Known Member

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    Exactly that. You need to get someone else to buy it for you and sell it back


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  3. Spacey

    Spacey Super Moderator Staff Member

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    I had the same You can sell it to someone you know and just buy it back Doesn't even have to leave your driveway
     
  4. Rugmunching

    Rugmunching Well-Known Member

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    Yeah was thinking it surely can't be too hard.
    Sounds simple enough.
    Cheers chaps :cool:
     
  5. Very nice information
     

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