In short, the answer to this question is yes you can – BUT it all depends on which financial institution you apply with. Generally, the big four banks would not give a truck loan to anyone that does not own a house, unless the customer is contributing a large upfront deposit (30% or more) or […]
What is a balloon or residual payment? A balloon payment can be applied to any Truck Finance or Heavy Equipment Loan facility in order to reduce monthly payments and preserve cash for working capital purposes. A balloon payment might also be called a residual or RV depending on what type of loan is in place. […]
