• JLR South Africa now offers Guaranteed Future Value (GFV) finance option across the Range Rover, Defender, Discovery and Jaguar house of brands
• JLR clients offered ultimate flexibility and peace of mind through options to trade-in, retain, or return their vehicle for a predetermined price at the end of the finance term
• GFV offers a more favourable interest rate, payable over a shorter term
• Clients are guaranteed the pleasure and reassurance that comes with driving a car that has full manufacturer service and maintenance backing

 Pretoria, South Africa – 08 January 2024: 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.”

The allure of favourable interest rates also makes GFV an attractive vehicle finance option.

Rossouw said: “Depending on the client’s credit score, GFV generally offers a more favourable interest rate, payable over a shorter term.”

The inherent flexibility of a GFV contract can also be seen in allowing clients to purchase their vehicle at the end of the GFV term.

“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.

“This makes GFV the best finance option for flexibility, convenience and peace of mind at every stage of vehicle ownership,” concludes Rossouw.