Private Funding Options

For private buyers, Volvo Car Finance has created a range of plans so that you can choose the right one for you.

VOLVO PURCHASE PLAN (Hire Purchase)

The simple choice
This traditional scheme allows you to buy your car by paying, after the initial deposit, in simple, equal amounts at a fixed rate.

Plan benefits:
• Suitable for non-VAT registered customers
• Fixed payments
• At the end of the agreement, you own the car

HOW DO THE PLANS WORK?

Traditional Finance Plan
• You decide on your deposit – typically 10% and upwards.
• You then choose your repayment period (up to 5 years) to suit your buying needs.
• And at the end of the agreement the car is yours (you may settle the agreement at any time).

VOLVO FLEXIBLE PURCHASE PLAN

For your convenience
Just like the Volvo Purchase Plan, with the added benefit of allowing you to defer a lump sum until the end of the agreement. This allows you to tailor the monthly payments to suit your budget.

Plan benefits:
• Suitable for non-VAT registered customers
• Added flexibility by allowing you to tailor your monthly repayments
• At the end of the agreement, after paying the lump sum, you own the car

HOW DO THE PLANS WORK?

Flexible Finance Plan
• You decide on your deposit – typically 10% and upwards
• You then choose your repayment period (up to 4 years) to suit your buying needs.
• You then agree a final payment – taking into consideration the age, mileage and use of the car.

At the end of the agreement you pay the final payment before taking ownership of the car (you may settle the agreement at any time).

VOLVO ADVANTAGE PLAN

Pick and choose
The same as the Volvo Flexible Purchase Plan with the added advantage that the final payment (guaranteed to be the minimum worth of the car) is optional – if you don’t wish to pay you can part exchange or return the car to Volvo.

Plan benefits:
• Lower payments than traditional finance plans
• Ideal if you plan to change cars every 2-3 years

HOW DO THE PLANS WORK?

Flexible Finance Plan
• You decide on your deposit – typically 10% and upwards
• You then choose your repayment period (up to 3 years) to suit your buying needs.
• A Guaranteed Minimum Future Value (GMFV) is set by Volvo taking into consideration the age and mileage of the car. This value is used to set the optional final payment.

At the end of the agreement you have three options regarding the final payment:

Volvo Advantage Plan - The Three Options

You can part-exchange the vehicle and pay the Guaranteed Minimum Future Value, using any money over this amount as deposit towards a new vehicle. Alternatively the vehicle can be sold privately and you can keep the profit over the Guaranteed Minimum Future Value which must be paid to Volvo Car Finance. You gain the benefit of any value in excess of the Guaranteed Minimum Future Value.

Volvo Advantage Lifecycle - Option 1 - Part-Exchange

Settle the final payment

You may purchase the vehicle at the Guaranteed Minimum Future Value, and retain ownership.

Volvo Advantage Lifecycle - Option 2 - Settle final payment and retain ownership

Return the car to Volvo

Provided the vehicle is in decent condition and within your agreed mileage, you can return the vehicle to Volvo with nothing further to pay. If you have exceeded the agreed mileage an excess mileage charge will be due.

Volvo Advantage Lifecycle - Option 3 - Walk away with no further obligation (subject to mileage and condition)

Business Funding Options

Lower the cost of your borrowing by maximising your tax allowances or, if you’re VAT registered, you could also benefit from our VAT-efficient rental plans.

OWNERSHIP PLANS FOR BUSINESS CUSTOMERS

VOLVO PURCHASE PLAN

A traditional method of finance which provides a simple repayment plan; the cost of the car plus a charge for interest is repaid by fixed monthly instalments.

HOW DO THE PLANS WORK?

Traditional Finance Plan
• You decide on your deposit – either three payments in advance or 10% and upwards.
• You then choose your agreement length from 12 - 60 monthly payments to suit your cashflow needs.
• And at the end of the agreement the car is yours (you may settle the agreement at any time).

VOLVO FLEXIBLE PURCHASE PLAN

Just like the Volvo Purchase Plan, with the added benefit of allowing you to defer a lump sum until the end of the agreement. This allows you to tailor the monthly payments to suit your budget.

HOW DO THE PLANS WORK?

Flexible Finance Plan
• You decide on your deposit – either three payments in advance or 10% and upwards.
• You then choose your agreement length from 12 - 48 monthly payments to suit your cashflow needs.
• You then agree a final payment – taking into consideration the age, mileage and use of the car.

At the end of the agreement you pay the final payment before taking ownership of the car (you may settle the agreement at any time).

VOLVO ADVANTAGE PLAN

The same as the Volvo Flexible Purchase Plan with the added advantage that the final payment (guaranteed to be the minimum worth of the car) is optional – if you don’t wish to pay you can part exchange or return the car to Volvo.

HOW DO THE PLANS WORK?

Flexible Finance Plan
• You decide on your deposit – typically 10% and upwards.
• You then choose your agreement length from 24, 30 or 36 monthly payments to suit your cashflow needs.
• A Guaranteed Minimum Future Value is set by Volvo taking into consideration the age and mileage of the car. This value is used to set the optional final payment.

At the end of the agreement you have three options regarding the final payment:

• You can part exchange the car against another Volvo. The GMFV is deducted from the part exchange and any excess can be used as a deposit on your new Volvo (you can also sell the car privately and keep any profit over the GMFV)
• Buy the car outright by paying the GMFV
• Return the car to Volvo Car Finance with nothing else to pay, subject to mileage and condition

RENTAL PLAN FOR BUSINESS CUSTOMERS

VOLVO BUSINESS PARTNER (CONTRACT HIRE)

A rental agreement with ultimate peace of mind – one monthly rental can cover servicing, maintenance, replacement tyres, batteries, exhausts, breakdown and recovery service and road fund licence. At the end of the contract you simply return the car to Volvo.

HOW DO THE PLANS WORK?

Contract Hire
• You make between one and twelve advance rentals as an initial payment.
• You can choose from rental periods of 18 to 60 months.
• VAT is payable on rentals – up to 100% of VAT can be recovered.

At the end of the contract the car is returned to Volvo.

If you would like to receive details and/or a quote for finance deals on a Volvo from M.R. King & Sons, please fill in the form below and click "Submit". Alternatively, print the form out and fax or mail it to us to the address at the top of the page.
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Volvo Finance Quotation

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Finance For Your Volvo