New car buyers are often concerned about buying a new car that depreciates the moment it leaves the showroom floor. One possible solution to this dilemma lies in Guaranteed Future Value (GFV) agreements offered by some car dealerships. These agreements promise buyers the final value of their car, provided they stick to the conditions outlined in the agreement. Before diving into this financial commitment, it's crucial for buyers to understand the ins and outs of GFV and whether it's the right choice for them.

Rising prices for new and used vehicles is likely to continue in the coming months, as demand for vehicles outstrips supply and the production of new cars continues to be hampered by the pandemic. If you’re in the market for a used or new car, here’s more on why vehicle prices have hit an all-time high, and what to do about it.