Hello dear people, I would be interested in your experience with balloon financing and how you did it. Maybe someone has had similar experiences like me. Here are mine: At 19 years stupid and no plan of saving. Accordingly, I had nothing on the edge, but wanted to have my desired car absolutely. Therefore, a few years ago, I signed a catastrophic financing, in hindsight. Keyword: balloon financing. Cheap guess and big promises from the dealer. Probably he was still laughing himself afterwards, as one can sign such a contract. After 3 years of financing first doubt came about about the end rate and the generous misconduct of the dealer. I could not sleep any more with perplexity. I could never and never pay the rest rate. With a further financing with the same rate and very good interest rate, I would have come to a financing period of a total of 10 years. the car already had a corresponding mileage, this was not an option for my father’s opinion and advice. When I returned to the same dealer to “request” his promises, he presented me with similar offers. I should pay the difference between replacement and purchase and then could have another. Well, at least I learned from error number 1 then went there without a new car. After rapping off many car dealerships and catching up from many offers and the m I’ve found a car dealer who made me a fair offer. Nevertheless, I’ve made a lot of loss and still take it out. I’d like to know if there are more people who have fallen for something like that. I feel like I’m the only idiot that’s happened. Sincerely, I’m the only one who’s got to say that.