WesBank Talks Finance
For over 50 years, WesBank has been a trusted provider of vehicle and movable asset finance in South Africa. We're committed to providing informative and responsible finance solutions and believe that knowledge is key, especially when entering into a finance agreement. As your vehicle partner for life, we hope that the insights you gain from our conversations with industry experts will help you make informed decisions.Please note that the information shared in this podcast is for educational purposes only and does not constitute financial advice.
WesBank Talks Finance
Understanding Guaranteed Future Value
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WesBank
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Do you know what Guaranteed Future Value is all about? Rima Hargovan, a JV Head at WesBank, dives into how GFV works and who it works best for, as well as the benefits, disadvantages and requirements.
Please note that the information shared in this podcast is for educational purposes only. This information does not constitute financial advice and is not to be acted on as such.
The difference between GFV and a normal instalment sale agreement
The options at the end of the finance term
How the future value is guaranteed
Looking at the fair wear & tear conditions
What happens if the car is totalled or stolen?
Making modifications to the car
Servicing the vehicle
What happens if the GFV requirements are not met?
Where the car can be serviced
Looking at the mileage parameters
Who GFV would work best for and who it wouldn't work for