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This works differently to HP. You make
a deposit for the car an make monthly payments for the
agreed term of the contract. At then end of the contract
you can hand the car back and in most cases owe nothing
or pay the balance or the Minimum Guaranteed Future
Value (MGFV) which will have been advised up front to
purchase the car. Or if the value of the car is higher
than the MGFV you can trade it in and start all over
again. Don’t forget that you will still need to
buy
insurance for this vehicle even though you don’t
technically own it.
Car Finance Deals
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