What does GFV mean?

Author
Discussion

Sheepshanks

32,769 posts

119 months

Wednesday 23rd July 2014
quotequote all
kmpowell said:
Scary isn't it. Here's a conversation I had with somebody on the BMW forum a while ago when they were pleased with the deal they got on their new 1 series. They thought the interest they were paying on a 4yr PCP was £480, but in reality (as I explained in detail) it was actually £3,300...
They probably thought you were inventing the intermediate figures, but it's pretty simple; it's the total paid minus the deal price. Bit over £3K.

They've used the list price as the reference point, which is man-maths at its best!