Car finance glossary | G

GAP Insurance Policies

Guaranteed Asset Protection (GAP) Insurance works by covering the shortfall between the remaining finance on a vehicle and the amount that the insurance company claim your vehicle to be worth if your car is stolen or written off. GAP is available for new and used vehicles that are purchased with a car finance product.
GAP Insurance Policies Explained >

Guaranteed Car Finance

Guaranteed Car Finance is not provided by any reputable FCA regulated company as it is not possible. Any company offering guaranteed car finance is unregulated and therefore a major risk.
Guaranteed Car Finance Explained >

Guaranteed Future Value

Guaranteed Future Value (GFV) is the term used to describe the cost of a vehicle at the end of a Personal Contract Purchase or Lease Purchase agreement. The GFV is also the balloon payment you must pay to own the car at the end of these agreements.
Guaranteed Future Value Explained >

Guarantor Loan

A guarantor loan is a loan where a co-signer agrees to repay the debt if the borrower fails to do so. See how Creditplus can help with guarantor loans.
Guarantor Loan Explained >

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