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
What’s guaranteed with Guaranteed Future Value?
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WesBank
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You may have seen people talking about ‘Guaranteed Future Value’ or GFV and some of the comments might seem confusing... but in this podcast we clear up the misunderstandings and myths. Lebo Gaoaketse, WesBank's Head of Marketing and Communication, dives into the world of driving a new car more often, how it all works and whether it could be a solution for you.
The information does not constitute financial advice and is not to be acted on as such. Please consult your bank or an accredited financial advisor before making financial decisions.
Intro to GFV
“You basically lease the vehicle for X months”
“They will find something to deduct off the GFV amount”
“Can I sell or trade in my car before the GFV term ends?"
“How does GFV make my monthly payment lower?”
“What if the car is worth less than the GFV at the end?”
“What are the risks of GFV?”
“Why choose GFV instead of traditional finance?”