What’s a Guaranteed Minimum Future Value (GMFV††)?

It’s the minimum value of your new Toyota at the end of your finance contract, as determined by Toyota Financial Services Ireland. If you decide to return your car to your Toyota Dealer at the end of your term, they will facilitate the payment of the GMFV†† which will be the optional final payment of your finance contract.

Who decides the GMFV††, and how is it worked out?

Toyota Financial Services Ireland set the GMFV††, based on what they estimate vehicles will be worth in the future. This is done through sales results of similar vehicles, new model data and economic factors, with your finance terms and agreed contract kilometre usage factored in.

Does the GMFV†† equal the expected market value?

The GMFV†† is the minimum value that Toyota Financial Services Ireland believe your vehicle will be worth at the end of your finance term. This is subject to the vehicle being returned in a condition that meets Fair Wear and Tear guidelines, and not having travelled more kilometres than the agreed contract usage. With this in mind, the GMFV†† may be more or less than the actual value of the vehicle.

Can I use my current car as a deposit for Toyota Flex?

Yes, a minimum deposit of 7% of the On The Road Price is required, however if your car is worth more than this, your Toyota Dealer may offer you cash back.

What is Cash Back?

This may be offered to you, if your trade in is worth more than the deposit required.

What is the On The Road Price?

On The Road Price is the Recommended Retail Price plus €800 Delivery and Related Charges.

Do I have to keep the car in good condition?

Yes, if you want to return your vehicle to your Toyota Dealer at the end of your agreement to realise the GMFV††. You will be given a Fair Wear and Tear Policy before your enter into your contract.

If there is a lot of damage can I return it and claim the GMFV††?

If your vehicle doesn’t meet the Wear and Tear Policy, your Toyota Dealer will give you the opportunity to have the vehicle repaired. Otherwise, they can organise the repairs and deduct the cost from your GMFV††. This adjusted GMFV†† will then be the price that your Toyota Dealer will offer you if you return the car at the end of your term which will be put against the final payment. Of course, if you keep the vehicle, the condition doesn’t matter, you just pay the optional final payment.

Can I trade my car?

Yes. You can trade your car at any time for a new vehicle, however you will need to pay the remaining balance of your account - this is known as the settlement figure. If you do this, the GMFV†† will no longer apply.

Can I keep my car?

Yes. You simply pay out your finance contract at the end of the term. Your Toyota Dealer may offer you the chance to extend, vary or refinance the final payment.

Can I sell my car privately?

Yes, but only when your finance agreement has been settled in full. You will only own and therefore be able to sell your car when the optional finance payment has been paid.

What if I drive extra kilometres?

If you travel more than your agreed kilometre usage, an excess usage adjustment will apply. This will be deducted from your GMFV††, which then becomes your adjusted GMFV††.

This sounds good, but do you charge more?

Toyota Flex is competitively priced. Your affordable monthly repayments are calculated on the finance amount less the GMFV†† plus interest charges, which means they will often be more affordable. We suggest you seek independent financial advice to ensure this product is right of you.

††Guaranteed Minimum Future Value is the minimum value of your new Toyota at the end of your finance contract, as determined by Toyota Financial Services Ireland. If you decide to return your car to your Toyota Dealer at the end of your term, they will pay you the Guaranteed Future Value (subject to Fair Wear and Tear and agreed kilometres requirements being complied with). This amount will be applied to your finance contract to satisfy your final balloon payment obligation.

The information provided is general in nature. You should seek your own financial advice to determine whether Toyota Flex is appropriate for your individual circumstances.

Lending criteria terms and conditions apply. Finance is provided by way of a Hire Purchase agreement at participating Toyota Dealers only. To qualify for this Finance Offer; a minimum deposit of 7% applies and a maximum term of 37 months. The credit provider is Toyota Financial Services Ireland (DAC).