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When purchasing a vehicle, which of the following would traditionally yield the highest total cost?

A. Cash back offer
B. Balloon payment
C. Regular APR financing
D. Special APR financing

2 Answers

7 votes

Balloon payment Apex

User Michael Innes
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The correct answer of the given question above would be option B. BALLOON PAYMENT. When purchasing a vehicle, the balloon payment would traditionally yield the highest total cost. This payment is a large payment when the balloon loan ends, such as commercial loan, mortgage or any other amortized loan. Hope this answer helps.
User Fabrizio Duroni
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