MGFV

(redirected from Minimum Guaranteed Future Value)
AcronymDefinition
MGFVMinimum Guaranteed Future Value
MGFVMinimum Guaranteed Future Value (car financing)
References in periodicals archive ?
Q I'M confused by car finance deals which quote a "minimum guaranteed future value".
But unlike a hire purchase agreement, where the cost of the car is paid off during the finance term, if you choose a PCP plan then a portion is set aside at the beginning of the contract, known as the minimum guaranteed future value.
You'll also be given a Minimum Guaranteed Future Value (MGFV).
The contract will set out a Minimum Guaranteed Future Value - the car's value in two to three years.
The dealer sets a Minimum Guaranteed Future Value of what the car will be worth in two or three years.
The contract will set out a minimum guaranteed future value (MGFV) - what the car will be worth in two to three years.
You agree an annual mileage and a Minimum Guaranteed Future Value (MGFV) - the amount you will have to stump up if you want to buy the car at the end of the agreement.
The dealer will set out a minimum guaranteed future value (known as a MGFV) of what the car will be worth in two or three years' time.
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