A balloon or residual is a lump sum amount that is due and payable at the end of your loan term. This amount is usually matched the value of the vehicle at the end of the loan. It is often used by businesses based on the advice of their Accountant. If you are unsure, please select 'No'.
Please select 'In Arrears' unless you understand the implications or have sought advice from your Accountant.
(i.e. this is typically only available to people who work in industries with seasonal cashflow - e.g. agriculture)