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Creditplus Provides:
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Minimum Guaranteed Future Value (MGFV)
When you defer a percentage of the total cost of the car to the end of the contract, the value is assessed and termed the MGFV. The MGFV plus the deposit is subtracted from the selling price of the vehicle, and your monthly repayments are assessed on the balance of the money. Once the agreement matures, you can choose a final balloon payment to secure the car.