Understanding Guaranteed Future Value

Do you know what Guaranteed Future Value is all about? Rima Hargovan, a JV Head at WesBank, dives into how GFV works and who it works best for, as well as the benefits, disadvantages and requirements.

Please note that the information shared in this podcast is for educational purposes only. This information does not constitute financial advice and is not to be acted on as such.

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Chapters

• 0:44 The difference between GFV and a normal instalment sale agreement
• 1:36 The options at the end of the finance term
• 2:30 How the future value is guaranteed
• 3:44 Looking at the fair wear & tear conditions
• 5:20 What happens if the car is totalled or stolen?
• 5:51 Making modifications to the car
• 7:09 Servicing the vehicle
• 7:46 What happens if the GFV requirements are not met?
• 8:44 Where the car can be serviced
• 9:15 Looking at the mileage parameters
• 10:42 Who GFV would work best for and who it wouldn't work for