PV is the expected value of the vehicle you buy at the end of the credit contract, determined by Land Rover Financial Services.It is based on the car model, the expected duration and annual kilometres. The payment of the PV value is deferred at the end of your agreement. A higher PV means fewer monthly repayments, but a higher payment at the end of the deal if you want to own the car directly. A lower PV means higher monthly repayments, but a lower payment at the end of the agreement if you want to own the car directly. If you decide to return the vehicle at the end of the agreement, you will have to pay nothing if the car meets the mileage and packaging requirements. Once fixed, the PV can no longer be modified and therefore protects against unexpected declines in the values of the used vehicle. If you would like to speak to someone about your credit contract, please contact our customer service team on 0344 824 4732 for advice, assistance, information and more. Contact your local dealer. – ”residual value,” the value of an investment at the end of its lease or at the end of its useful life.
Under our financial agreements, if you rent a car for three years, its residual value is how much it is worth after three years.- Land Rover models have residual class values.- This means that they generally hold better to their value than other car brands for a certain period – the duration of a financial agreement, for example. a vehicle loses over a period of time. Amortization – value of new car – residual value. So the higher residual value means less amortization.- With the popular Land Rover Freedom Plan (PCP) your monthly payments are calculated based on the expected value of the vehicle that takes into account the amortization over the 1-4-year period of your contract.- The less the value of the car loses, the more affordable your fixed monthly payments can be. With The Land Rover Freedom PCP, you can use the high residual values of Land Rover vehicles to reduce your monthly payments by deferring a significant portion of the loan amount to the final payment. They also have a number of options at the end of the agreement. Land Rover Freedom (PCP) is available for new or used vehicles (up to 3 years). The maximum number of vehicle-kilometres at the beginning of the contract is 3,000 miles per month, or 60,000 miles. Vehicles must not be more than 84 months old at the end of the agreement. The maximum end of the contract kilometre must not exceed 143,000 miles. The maximum annual mileage is 35,000 miles per year. Minimum contract term of 13 months, maximum term of contract of 49 months.
Part of the credit is deferred at the end of the agreement and you should prepare for it if you want to own the vehicle. You will not own the vehicle until you have made all the payments, including interest, and you will own it directly. You must have full insurance. Check out our fair use guide, and what to keep in mind if and if you decide to return your Land Rover at the end of your financial agreement. Land Rover Leasing gives you the thrill of driving a stress-free Land Rover. Enjoy a low down payment, regular rental fees and you don`t have to worry about selling your car at the end of the deal. You can also choose the security of different optional service, maintenance and repair packs. You have three options: 1. Partial exchange – subject to the settlement of your existing credit contract, you can choose a new or used Land Rover from your dealer and launch a new credit contract.