What Balloon payment means for you
On a PCP deal, monthly payments cover only part of the car's value, so a large final balloon payment is due at the end. Until it's paid, the finance company owns the car. You can pay it to keep the car, or hand the car back.
Check for finance before you buy. The Finance & Stolen Check (£4.99) shows whether a car is still on finance, and the Full Check (£9.99) covers finance too. A car still owed money can be taken back by the finance company, so check before you pay.