JLR South Africa Extends Guaranteed Future Value Across Its Luxury Brands
JLR South Africa Extends Guaranteed Future Value Across Its Luxury Brands. JLR South Africa has extended its Guaranteed Future Value (GFV) finance option to its entire luxury vehicle collection in the Range Rover, Defender, Discovery and Jaguar house of brands.
Tailored for clients who require flexibility and peace of mind throughout their vehicle ownership, GFV offers the option to trade-in, retain, or return their vehicle for a predetermined price at the end of the finance term. For clients seeking a seamless transition into their next vehicle, the option to renew their GFV contract provides the ultimate convenience and peace of mind. It eliminates the need to negotiate the residual value of a vehicle when the finance term ends.
The relatively shorter GFV finance term, generally between 36 and 48 months, also enables clients to trade-in to a new car more frequently. This guarantees GFV clients the pleasure and reassurance that comes with always driving a car that has full manufacturer service and maintenance backing. The predetermined residual value also guarantees a seamless experience for clients who might choose to return the vehicle at the end of the GFV term.
Viola Rossouw, Network Development and Performance Director at JLR South Africa, said: “At the end of the GFV contract, the client may elect to trade the vehicle in for another new model in the Range Rover, Defender, Discovery and Jaguar collection. The residual value of their vehicle would have been predetermined at the inception of the GFV contract, negating the need for lengthy negotiations for the best trade-in deal. With no potential for a shortfall at the end of the contract term, the client can simply return the vehicle to their preferred JLR retail agent when the contract term expires. Provided that the conditions of use have been met.”
