Guinness, Ireland's dark, velvety meal in a glass, is launching a significantly lighter, blonder version of itself in a bid to try and appeal to American palates. Next month, US beer stores will begin stocking the Guinness Blonde American Lager, pitched as the Americanized version of the iconic Irish stout.
What is a balloon payment? Quite simply, a balloon payment is a lump sum payment that is attached to a loan. The payment, which has a higher value than your regular repayment charges, can be applied at regular intervals or, as is more usual, at the end of a loan period.
The balloon payment needs to be paid in cash or via a new car loan. If you take out a 4 year loan to pay off the balloon payment, then you're adding an additional 4 years of interest payments on top of what you already paid. It's not uncommon to be making payments for up to 8 years on a balloon loan.