Understanding guaranteed future value with Jaguar Land Rover

Jaguar Land Rover SA recently introduced a guaranteed future value (GFV) finance option, ensuring the buyer sees the value of their vehicle at the end of the finance term. This option is now available across the entire luxury vehicle collection, covering Range Rover, Defender, Discovery and Jaguar models.

It will offer peace of mind and flexibility through this seamless transition choice, allowing you to trade in, retain or return your vehicle at a predetermined price after a relatively short GFV finance term.

With GFV finance terms typically ranging between 36 and 48 months, clients also enjoy the benefit of more frequent upgrades to newer models.

Viola Rossouw, the network development and performance director at JLR South Africa, explained. “At the end of the GFV contract, the client may elect to trade the vehicle for another new model in the Range Rover, Defender, Discovery or Jaguar collection. The residual value of their vehicle would have been predetermined at the inception of the GFV contract, eliminating the need for extensive negotiations for the best trade-in deal.”

Rossouw highlighted the following, stating: “Unlike a conventional lease agreement, which can be viewed as a long-term rental, GFV allows clients at the end of their contract to buy the vehicle at the agreed residual value. This suits clients who perceive value in the long-term ownership of a vehicle.”

Depending on the client’s credit score, GFV typically offers a more favourable interest rate over a shorter term, making it an ideal finance option for those prioritising flexibility, convenience and peace of mind at every stage of vehicle ownership.

Source: MotorPress