Volvo Car Ireland has announced 0% PCP Finance on the Volvo V40, Volvo S60 and the new Volvo S90.
In addition to the 0% PCP Finance offers, there is also a free style pack worth €2,000 on the XC60, and three years free servicing on the Volvo S60 and Volvo V60.
Financed through Bank of Ireland Finance, Volvo Car Ireland says its 0% PCP Finance offer means customers will not pay one cent of interest on their finance agreement. And as with PCP car finance products, buyers have the option to pay off the balance, hand back, or trade in their Volvo car with a guaranteed minimum future value after the three year PCP contract comes to a close.
Patricia Greene, head of communications, said: “The Volvo Car brand is built on award-winning Swedish design and engineering. With our most innovative Volvo range in terms of design, safety and technology and our strongest ever finance offers, there has never been a better time to visit a Volvo car dealership. There has been a significant increase in demand by Irish customers for vehicle finance packages, we believe our competitive PCP offer should be a welcome proposition for car buyers.”
Volvo Car says for a limited time only the Volvo XC60 also comes with a complimentary style pack worth €2,000. The style pack benefits from front and rear park assist, rear parking camera, active TFT crystal driver's information display, and interior lighting.
Volvo Car says its 0% PCP Finance and XC60 free style pack offers are available at participating dealers and are applicable to retail sales only on cars registered between January 1, 2017 and March 31, 2017
Personal contract plan
Personal contract plan (PCP ) means the customer pays low monthly instalments for 36 months and is guaranteed a minimum future value or guaranteed minimum future value (GMFV ) of 38 per cent of the ‘on the road price’. This is payable if the customer renews or retains the vehicle at the end of the agreement. Further charges may be applied by a Volvo dealer subject to kilometre limits/condition of the vehicle.
At the end of the term, customers can also part exchange their Volvo for another new model, return it with no further payment due, or pay the GMFV and keep the car. So, customers can drive away, for example, in the Volvo V40 from €249 per month after paying a minimum deposit 10 per cent, the Volvo S90 from €399, or the Volvo S60 from €335 a month, again with a minimum deposit of 10 per cent in both cases. And as always, customers should also review all the terms and conditions that apply.
A PCP is a fixed rate, fixed term car funding arrangement with a guaranteed minimum future value underwritten for the car. This value is deferred to the end of the finance term, reducing monthly payments during the term of the finance arrangement. At the end of the term the customer can decide to pay off the balance or give the car back or enter into a new agreement with a new model.
Under the terms of the PCP from Bank of Ireland Finance, the customer pays an agreed instalment over 36 months. A portion of the car’s value is deferred until the end of the agreement. This amount is the minimum value that Volvo Car Ireland guarantees the car will be worth at the end of the agreement - the guaranteed minimum future value.
Volvo Car Ireland also pointed out that together with Bank of Ireland Finance, Volvo is offering finance arrangements across the Volvo range. It currently offers finance through hire purchase agreements or PCPs.