Personal contract leasing is big business in many parts of the world, but here in SA it has not really taken off, in spite of the best efforts of many finance houses and car makers. It is a product that is evolving with some companies like Volvo looking at taking it another step further to become a subscription model in the same way you subscribe to a cellphone contract. We are a number of years away from that here in SA though and in the meantime some people are choosing to switch from financed ownership to more of a usage deal. Jaguar Land Rover (JLR) is the latest to introduce such a package in the form of its Guaranteed Future Value finance product, giving customers the opportunity to step into a new Jaguar or Land Rover every three or four years. The company says that buyers will know right from the start of their finance contract what the guaranteed future value of their vehicle will be, allowing them to plan ahead with an option to either renew, retain or return the vehicle a...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.