A balloon lowers regular repayments but leaves a lump sum at the end and increases total interest. Compare the comparison rate, which includes most fees. Stamp duty on vehicle registration and on-road costs are separate.
FAQ
What are the repayments on a $35,000 car loan?
About $701 a month over 5 years at 7.5%.
Sources (checked 6 November 2026): Calculation; National Consumer Credit Protection Act (comparison rates).