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Aurornis • today at 4:37 AM • 1 reply • view on HN

> there's a reason car loans are always low monthly payments to start, with a balloon payment at the end, when you are maximally invested...

Balloon payment loans are very rare in the United States. I don't know where you live but I don't think you realize how unusual balloon payment loans are.


Replies

swiftcoder • today at 6:07 AM

They are the default in much of Europe, though the expectation is that you'll likely trade the car in when the balloon comes due.

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