GFV
Guaranteed Future Value is the amount a finance company predicts your car will be worth at the end of a PCP deal — it becomes your optional final “balloon” payment. A higher GFV means lower monthly payments (you’re financing less depreciation), but you’ll pay more if you decide to keep the car. The GFV assumes you stay within the agreed mileage and keep the car in good condition; exceed either and you may owe extra.
Example
A £30,000 car with a £14,000 GFV after 3 years means you finance £16,000 plus interest — not the full £30,000.