What is a GMFV?
GMFV or Guaranteed Minimum Future Value is a pre-determined value given to a vehicle at the start of a finance agreement (not hire purchase) by the lender. This may also be referred to as a ‘Balloon Payment’.
GMFV or Guaranteed Minimum Future Value is a pre-determined value given to a vehicle at the start of a finance agreement (not hire purchase) by the lender. This may also be referred to as a ‘Balloon Payment’.