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ADVANCED PAYMENT PLAN (APP)

APP is a derivative of a Personal Contract Purchase product. There are no monthly payments, just a single, upfront payment based on your vehicle's Guaranteed Minimum Future Value (GMFV).  The GMFV is deducted from the price of your vehicle, and you simply pay the remaining balance​.

WHEN THE AGREEMENT STARTS:

  • Choose your term over 1-3 years
  • Vehicle's GMFV is calculated and deducted from the price of the vehicle
  • Pay the remaining balance as a single upfront payment

WHEN THE AGREEMENT ENDS:

  • Renew - choose a new Jaguar and use any excess value over the deferred Final Payment towards your deposit
  • Return - hand back your vehicle under the Goods Return Option. If the vehicle is in good condition and the allowed mileage has not been exceeded, you will not pay anything further.
  • Retain - pay the deferred Final Payment and own the vehicle

ADVANTAGES OF APP

  • You are protected against an unexpected fall in used vehicle values
  • You have more spending power perhaps for a newer or higher specification model

THINGS TO REMEMBER

  • You do not own the vehicle until the deferred Final Payment has been made
  • You must have fully comprehensive insurance
  • If you hand back your vehicle under the Goods Return Option and the vehicle has exceeded the allowed mileage, a charge for excess mileage will apply