MICK wrote:

Bit of a thicko here chaps what is GFV , MGFV , never heard of it .............

Although I don't really fully understand all these finance schemes, I reckon Mick is a cash man!

Wads and wads of it I expect!  Discovery 4 HSE
1998 110 TUM HS FFR Hard Top XD WOLF
1982 Series 3 Hard Top
1998 90 TUL FFR Hard Top XD Wolf
1993 90 Tdi

*Gone: L405 4.4 VSE, L462 D5 HSE LUX, L663 Defender 110 HSE, Discovery 3 HSE, 2014MY Range Rover Sport 5.0 Supercharged AB Dynamic; L405 Exec Vogue SE 4.4, 5.0 Supercharged Autobiography, Defender TDCi XS CSW, Defender TD5 HT, Vogue SE TDV8, Vogue TD6, RRSport SC 4.2V8, Classic 3.9 Vogue Auto, Land Rover Series 3 SWB

Cash is King for Mick

MGFV - Minimum Garanteed Future Value

Effectively on some car finance schemes you pay a deposit and then a monthly payment. At the end of the scheme say 2 / 3 or 4 Years you will have a MGFV which gives you 3 options:

1) Pay a balloon payment ( Final Payment) and keep the Car.

2) Walk away

3) Or normally / hopefully at the end of the scheme your car (until recent events) was worth more than the MGFV so you would pass this balance onto your next purchase.

I hope my explanation makes sense

Mick dont need to know as he weighs his money and doesnt count it