# WesBank reports a sharp increase in balloon payment use for vehicle finance, highlighting affordability pressures on South African car buyers. Deals with balloon options rose from 27-percent in July to 35-percent in August, with the average balloon size climbing from 33-percent to 37-percent. WesBank’s Lebo Gaoaketse says balloon payments make monthly installments more affordable, but urges consumers to plan for the lump-sum settlement, through saving, refinancing, or extending loan terms.
WesBank confirms rise in balloon payments amid consumers affordability challenges