Hello together! Since I have only anger and disproportionately high replacement costs with my used car at the moment, I am thinking of paying for it and getting a car through a financing. However, since I am not very well acquainted with this kind of “car purchase”, I would have a question or several questions about it. It should become a car of Honda and Honda itself also offers a relatively good financing computer on their homepage. e” also a little explained, but I just want to get this explained exactly or correctly ^^ And this is about the following:When financing a car I can choose three different types of financing:Ballon financing: You pay low monthly rates + a higher fixed closing rate. That means I pay a down payment, the accrued rates AND in any case the final rate, right? (so that the car really belongs to me in the end). This is clear to me^^3-Options-Financing: You decide at the end of the contract period whether you will pay * the residual value and keep the vehicle * the balloon rate will continue to finance and the vehicle will continue to drive * the vehicle will return on the basis of the buyback guarantee Here is the real crux, I explain once as I understand it: I will pay a down payment in this case too, decide for a runtime Then I can choose which of the 3 options I can choose at the end of the time. What do I have to consider with Option 2 and 3? Will the balloon rate in the previous rates be further financed? So that the existing contract is virtually “renewed”? And: What do I have to understand under Option 3 exactly? It would be very nice if some helpful people would find themselves here^^ Thanks in advance!