M - MGFV

Monday, June 05, 2006

Minimum Guaranteed Future Value - a car's likely value at the end of the lease agreement. You borrow the difference between the car's current price and its MGFV in a contract hire or lease deal.

For whatcar.com's guide to contract hire and leasing click here









Glossary

Want to know the difference between your APRs and your PCPs? Our Glossary will guide you through the minefield of car-buying terms.