The next step is your choice – whatever works best for your business at that time:
Option 1 - Pay the balloon and continue into a secondary lease period on the same van, paying a nominal annual fee for each year you keep the van
Option 2 – Sell the van on behalf of Vauxhall Finance to cover the balloon – if the van sells for greater than the balloon, you’ll retain a share of the profits! However, if the van sells for less than the balloon, you’ll need to cover the balance. Vauxhall Finance can also organise the sale of the van if this makes it easier for you.
Option 3 - Ask Vauxhall Finance to arrange sale of the van to cover the balloon – as with the option above, you’ll be entitled to a share of the profits or need to cover any balance depending on if the sale covers the balloon.