What does GMFV mean, and how can it affect your personal contract purchase lease? Learn more about this figure and how it’s calculated.
If you’re considering a personal contract purchase (PCP) lease, you’ve probably heard a lot about a car’s guaranteed minimum future value. When you choose a PCP car lease, your monthly payments will be based on the initial value of the car, your deposit, and the car’s GMFV.
In this article, we break down everything you need to know about GMFV and share how a car subscription with Onto features transparent pricing - and no large final payments.