Citroën Guaranteed Future Value
If you choose a GFV agreement, Citroën promises you a set, pre-arranged minimum buy-back value when your loan ends. The Guaranteed Future Value (GFV)‡ is a car’s guaranteed future buy-back amount, as determined by Citroën Financial Services. This arrangement is great for managing your cash flow, because with a GFV agreement you will know exactly what your monthly payments will be. It also helps minimise the risks associated with fluctuating used car market conditions, so that if at the end of the loan term, the actual market value of the car has dropped below the guaranteed future value amount, Citroën Financial Services will absorb the difference – because the value has been guaranteed.
You could hand it back with nothing more to pay – even if the car’s market value happens to be much less than the GFV amount (subject to meeting Fair Wear and Tear conditions and kilometre allowance). Plus, the good news is that if the market trade-in valuation for your vehicle is worth more than the GFV, you may be able to upgrade your Citroën, trade in the vehicle and pocket the difference. So, enjoy peace of mind and protection from fluctuating used car prices and let Citroën Financial Services take the risk, not you.
Key benefits of Guaranteed Future Value
A loan with a Guaranteed Future Value agreement has several key benefits:
- Provides peace of mind on the payout of your loan
- Flexibility for those who prefer a new more often
- It can lower your monthly payments*
- Multiple options at the end of the loan to suit your needs
*Lower monthly repayments compared to a similar term with no Guaranteed Future Value (GFV) or equivalent balloon final payment. Total interest charges will be higher if a GFV or balloon final payment is selected.
What happens at the end of your term?
At the end of your term, you’ll have several options depending on what suits you at the time. You can:
- UPGRADE Use your current car as a trade in and upgrade to a new Citroën (provided you continue to meet the loan approval criteria);
- RETAIN Change nothing and keep driving your Citroën. Just pay the final amount, which is the GFV. We can help you with finance if required; or
- RETURN Simply return your Citroën and have nothing more to pay (provided your car meets Fair Wear & Tear conditions and agreed kms).
~The Guaranteed Future Value (GFV) is the minimum future value of your vehicle as determined by Citroën Financial Services (CFS) and set out in your contract. At the end of your term, you can select from the three options: (1) trade-in the vehicle; (2) exercise the option to return the vehicle; or (3) retain the vehicle by paying the GFV, which is a lump sum owed at the end of the loan term after all monthly repayments have been made. If you decide to return your car at the end of your term, CFS, or another entity appointed by CFS, will purchase the vehicle from you for the GFV, subject to agreed kilometres and fair wear and tear conditions being met, which will be put against amounts outstanding under your Loan. Approved applicants only. Terms, conditions, fees and charges apply. Finance is provided by IFSA Pty Ltd ABN 39 651 319 774 trading as Citroën Financial Services, managed by Allied Retail Finance Pty Ltd ABN 31 609 859 985 Australian Credit Licence 483211.