Loan Balance 24 (LB24) is a balloon loan with a conservative end-balance that is fifty percent (50%) below the vehicle’s projected end-of-term value. Perfect for the decerning new car buyer on a payment budget for vehicle ownership – not leasing. 

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For trade-in review, the dealer will contact the customer 24 months prior to loan maturity. Timing is good for a repeat sale. As the originating dealer, the loan addendum terms are like a lease. Ask the customer if they would like to trade-in, turn-in or keep their vehicle? Repeat sale made easy!

 

View our easy-to-use payment comparison calculator. Dealer F&I managers enjoy a payment “presentation” to help close more sales and keep clients over the long term.