Peugeot Citroën South Africa has introduced a “Guaranteed Future Value” programme, ruling out an extended warranty period of more than three years or 100 000km.
Instead the programme encourages owners to upgrade their vehicles more often and not incur extra costs.
“The South African market is undergoing a shift that is in line with international trends, where we see customers shifting from vehicle ownership to mobility. Although it is in its infancy here in South Africa we can already see this trend developing and obtaining traction. “Our Guaranteed Future Value ensures that our customers can drive a new Peugeot vehicle every few years without incurring unforeseen or additional costs,” said Francisco Gaie, managing director of Peugeot Citroën SA.
Peugeot now offers an Assured Future Value (AFV) financial agreement called Motion Finance from WesBank.
“In today’s world of mobility, we understand that customers are looking for peace of mind when it comes to financing their vehicles,” said the marketing manager, Dineo Mofokeng. “With Motion Finance, Peugeot Citroën South Africa guarantees customers the future value of their vehicles.”
Speaking at the launch of the Peugeot 3008 SUV in early August 2017, Francisco Gaie, acknowledged the concerns around Peugeot’s “trade-in value perceptions” and gave his assurance that he would do everything possible to improve these interpretations.
“We believe our GFV programme is a step in the right direction and will change the perceptions on Peugeot’s trade-in value.”
The new future-value programme will initially be rolled out on the Peugeot 208 Active model and subsequently be introduced across the range.
“We are positive that customers will welcome the introductionof the Guaranteed Future Value programme, which will encourage them to replace their vehicle at the conclusion of their threeyear warranty,” Gaie added.
How it works? All you need is:
- Select your Peugeot 208 Active
- Choose a repayment period (terms from 24, 36 and 48 months)
- Agree on a maximum mileage (available options 40 000km to 80 000km)
- Agree on a deposit, or 0% deposit and monthly payment to suit your budget
At the end of the Motion Finance agreement period you can choose one of three options provided that all conditions of Motion Finance are met:
- Renew: Return your Peugeot as per the guaranteed buy-back programme and renew your Motion Finance agreement on a new Peugeot model of your choice.
- Return: Return your Peugeot on the guaranteed buy-back programme and end your Motion Finance contract.
- Retain: Keep your Peugeot and re-finance it at the guaranteed buy-back value. This will not form part of the Motion Finance agreement. You will enter into a traditional finance agreement under new terms and conditions.
Several car manufactures offer a guaranteed value programme, linked to a lease agreement or finance contract.
This usually hinges on the car being returned with a complete service history, without major damage and within a pre-determined mileage limit.
At the end of a pre-defined period, most programmes allow customers to upgrade their vehicle, or hand it back to the dealership.
Peugeot Citroën South Africa now also offers a service plan to insure the guaranteed buy-back of your vehicle.
The Peugeot Protect plan will maintain and restore your vehicle (for an agreed period) from damages that result from everyday wear and tear in return for a fee.
This will assist customers in keeping their vehicles in showroom condition, thereby guaranteeing the future value of their vehicle.
“The Peugeot Protect plan is not limited to models purchased on the Guaranteed Future Value (GFV) program it covers all new & used Peugeot transactions.” Gaie concluded.
More information on the scheme is available on motionfinace.co.za and peugeot.co.za