Guaranteed Future Value (GFV)
Guaranteed Future Value (GFV) is a flexible way to finance your vehicle. It gives you lower monthly instalments by setting aside a large portion of the car’s value to the end of your contract (usually 48 months). This final amount is the guaranteed future value, which is what Geely Finance commits your car will be worth at the end of the term, as long as you meet the agreed conditions.
Why it’s great for you
- Lower Monthly Payments: You only finance the difference between the car’s initial price and its predetermined future value, plus interest. This results in significantly lower monthly instalments compared to a traditional installment sale agreement.
- Simple conditions: To keep the guarantee valid, you need to:
– Stay within the mileage limit agreed upfront.
– Keep the vehicle in good condition, allowing for normal “fair wear and tear”. Any significant damage or modifications must be repaired to the manufacturer’s standard.
– Service the vehicle on time at approved service centres.
Your choices at the end of the term
When your GFV contract ends, you’re in control:
- Return the Vehicle: Hand the car back to the dealership with no further obligations, provided you have met all mileage and condition requirements.
- Keep the Vehicle: Settle the final outstanding GFV amount (often called a balloon payment) to take full ownership of the car. You can pay this amount in cash or, if eligible, refinance it with Geely Finance.
- Renew/Trade In: Use the guaranteed value to trade in the car for a new model and start a new GFV contract, allowing you to drive a new car more often.
