In an exciting move, Jaguar Land Rover (JLR) South Africa has earlier today announced that they have rolled out its Guaranteed Future Value (GFV) finance option across its entire luxury vehicle lineup, spanning the Range Rover, Defender, Discovery, and Jaguar brands.
GFV has been tailored to cater to clients seeking both flexibility and peace of mind throughout their vehicle ownership journey. This unique financing solution empowers customers with the choice to trade-in, retain, or return their vehicle at a predetermined price once the finance term concludes.
One standout feature of GFV is the seamless transition it offers for those eyeing their next vehicle. Clients have the option to renew their GFV contract, eliminating the hassle of negotiating the residual value when the finance term ends. This not only streamlines the process but also ensures a hassle-free experience.
With relatively shorter finance terms, typically ranging between 36 and 48 months, GFV enables clients to upgrade their rides more frequently. This means always driving a vehicle with full manufacturer service and maintenance backing, providing the pleasure and reassurance that comes with it.
Viola Rossouw, Network Development and Performance Director at JLR South Africa, highlights the convenience GFV brings: “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.”
A major advantage of GFV is the predetermined residual value, ensuring a smooth experience for clients who choose to return the vehicle at the end of the term. Rossouw adds, “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.”
Favourable interest rates sweeten the deal, making GFV an even more attractive vehicle finance option. Rossouw notes, “Depending on the client’s credit score, GFV generally offers a more favourable interest rate, payable over a shorter term.”
Highlighting the inherent flexibility of a GFV contract, clients also have the option to purchase their vehicle at the end of the term. Rossouw explains, “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.”
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