Guaranteed Future Value
How it works
Giltrap Guaranteed Future Value (GFV) can help you drive
away in your new vehicle sooner, with fixed regular repayments and the
confidence of knowing your vehicle’s value at the end of the term.
The future value of your new vehicle is determined by the make and model, as well as your expected annual kilometre usage. This value will be guaranteed at the time of purchase, as long as you comply with the terms of your agreement. This way, you’ll know exactly what your vehicle will be worth when your final payment is due.
Simply choose your vehicle, a deposit that suits your budget, set your payment terms and annual mileage, and then hit the road. At the end of your term, you have the flexibility to decide if you want to retain, replace, or return your vehicle.
The future value of your new vehicle is determined by the make and model, as well as your expected annual kilometre usage. This value will be guaranteed at the time of purchase, as long as you comply with the terms of your agreement. This way, you’ll know exactly what your vehicle will be worth when your final payment is due.
Simply choose your vehicle, a deposit that suits your budget, set your payment terms and annual mileage, and then hit the road. At the end of your term, you have the flexibility to decide if you want to retain, replace, or return your vehicle.
Retain it
To keep your vehicle, simply make the final payment, which
reflects the Guaranteed Minimum Future Value of the vehicle at that date. Since
the future value of the vehicle has been negotiated upfront, you can plan for
this option financially.
Replace it
If the trade-in value of your vehicle is higher than the
final payment due, you can use it as a deposit for your next model. If the
trade-in value is less than the final payment, you’ll need to cover the
difference.
Return it
Provided you comply with the terms of the agreement, you can
choose to return your vehicle. To return it at the end of the agreement, you’ll
need to pay a $350 disposal fee and any charges for excess mileage or wear and
tear instead of the final payment.
This program protects you from unexpected depreciation and gives you flexibility at the end of your finance term, making it easier to plan your financial future with confidence.
FAQs
You can choose a finance period of 12, 24, 36, or 48 months,
depending on what suits you best.
Yes, you can, provided you pay all amounts owed under the
agreement. However, due to the structure of the GFV agreement, if you trade in
your vehicle early, the settlement amount may be greater than the trade-in
value. That’s why it’s important to select a term that best suits your needs.
With a GFV Agreement, you can return your vehicle at the end
of the term, provided you comply with the agreement's conditions. In most
cases, simply provide the finance provider with 30 days’ written notice, return
the vehicle, and settle the disposal fee, along with any charges for excess
mileage or wear and tear (if applicable).
If you exceed the allowed number of kilometres for the term
(total limit), you’ll be charged per kilometre as specified in your agreement.
Fair wear and tear is included in your agreement. We will
arrange an independent inspection of your car’s condition for any excess wear
and tear when you return it. Your dealer can provide more information about
what fair wear and tear entail and what you need to be aware of before the
inspection at the end of your GFV Agreement.