Next by Gavo is the maxi final installment loan provided by Gavo Car Finance, the brand part of the Ford Motor Company that manages the financial services of the Swedish company. Next can be requested for all cars in the Gavo range, from the XC60, XC70 and XC90 crossovers to the V50 and V70 wagons, from the S, S40, S60 and S80 sedans to the C30 and C70 coupes.
This is a financial solution with a series of low-value installments and a maximum final installment. The advance required when purchasing the car is 15% of the final price.
It is a consolidated formula that minimizes the initial impact, offering low value installments for the first 24 or 36 months, and gives the customer, at the time the maxi installment expires, the possibility of acting according to three logics:
The interest rates are:
The preliminary investigation costs amount to 300 USD.
Other costs include:
For the purpose of calculating the value of the vehicle at the time of the expiry of the maxi installment, 0.1 USD per kilometer must be added in excess of the amount established at the time the contract was stipulated.
Funding can be requested for the purchase of a new or zero-kilometer vehicle at a Gavo dealership. The amount is paid directly to the concessionaire.
The loan applicant must be of age and present personal and income documents, be they a copy of the pay slip, pension slip or the latest Unico form for the self-employed.
Gavo Car Finance reserves the right to request further real and personal guarantees based on the amount requested and the consistency of the customer’s income.