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Balloon payment uptake surges as affordability pressures mount for buyers
Cape Times
|September 18, 2025
In a revealing look into South Africa's auto financing landscape, WesBank has reported a notable increase in the adoption of balloon payments among vehicle finance agreements.
As the financial strain on consumers escalates, car buyers are increasingly turning to this payment structure to alleviate monthly repayment pressures.
The latest data indicated a rise from 27% of new finance deals incorporating a balloon payment option in July 2025 to 35% in August 2025. Additionally, the average size of these balloon payments has also surged, going from 33% in July to 37% in August this year.
In comparison to last year, the trend appears stable; in August 2024, balloon payments constituted around 35% of finance deals, with an average size of 37% per arrangement.
Lebo Gaoaketse, the Head of Marketing and Communication at Wesbank, pointed out that despite the growing popularity of this option, many customers do not fully understand its implications.
Esta historia es de la edición September 18, 2025 de Cape Times.
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