Auto Loan
Volvo Finance
Unhappy with your current auto loan terms? Click here to refinance and drive home some savings!
Unhappy with your current auto loan terms? Click here to refinance and drive home some savings!
Volvo Financial Services (VFS) is the financial services arm of the Volvo Group. In other words, the company provides finance and leasing solutions for purchases. Therefore, you can buy or lease a Volvo car online without visiting a dealership.
Volvo Car Finance Services offers a fully digital shopping experience, allowing you to:
There is more to Volvo Finance, and here is everything you might want to know about Volvo finance: Volvo financing deals, what you need to do, and what you can expect from this service.
Key Takeaways
Volvo Car Financial Services (VCFS) offers qualified buyers good interest rates and flexible lease terms on new and certified pre-owned Volvo vehicles.
This means you can finance or lease your new or used Volvo car through VCFS and find a competitive deal. VCFS offers a variety of financing and leasing options, so you can find the one that is best for your budget and needs.
Volvo Car Financial Services (VCFS) offers competitive interest rates and flexible terms on new and used Volvo cars. Therefore, you can get pre-approved for an auto loan from Volvo before shopping for a car, so you know how much you can afford and what your monthly payments will be.
However, Volvo doesn't usually offer 0% APR financing, but a good credit score can fetch you a low promotional rate. Usually, for most Volvo models, the promotional rate is 5.99% APR for up to 72 months. So, you cannot expect a 0% APR as Volvo is a luxury brand, but lower APRs are possible.
Not only new but also old Volvo cars can be financed with Volvo financing. However, it should be a certified pre-owned (CPO) Volvo. But such CPO Volvos should be four years old or newer and have fewer than 80,000 miles. Volvo offers 5.99% APR for 72 months on CPO Volvos from model years 2019 to 2022.
Leasing a Volvo is possible with Volvo financing. Volvo offers leases from 24 to 48 months, with mileage options from 7,500 to 30,000 miles per year. Higher mileage plans cost more per month.
You can lease a Volvo in two ways: by signing multiple security deposits at lease signing or by making a single payment at lease signing. If you have done multiple security deposit signing, the deposits will be refunded at the end of your lease.
Business leases are also available with Volvo financing. Similarly, a GAP waiver (guaranteed auto protection) is included in the lease agreement. There is no extra charge for the GAP waiver. This protects you if your car is totaled in an accident.
But there is a $450 disposition fee at the end of the lease. But you will be waived off that amount if you refinance the vehicle.
The Care by Volvo program is a subscription service that lets you drive a Volvo car without worrying about insurance, maintenance, or other costs. In other words, you pay one monthly fee that includes everything.
You can cancel the program after five months, but if you live in Illinois, you can cancel after 12 months. Therefore, the cancellation policies differ based on state regulations.
VCFS offers competitive and flexible financing for both new and certified pre-owned Volvos. Leasing options come with various mileage plans and terms, providing flexibility of low finance rates, with terms extending up to 85 months.
Explore exclusive Volvo incentives by verifying eligibility through ID.me and obtaining a Volvo PIN. But you must present your PIN at the dealership to access special programs.
Additional VCFS Incentive Programs
Steps to Begin Your VCFS Loan Application
Start your loan application process conveniently online with VCFS.
Visit Volvo's homepage and click "Find a Retailer" on the upper right. Enter your ZIP code to discover a Volvo retailer near you.
In the Finance Center list, click on "Finance Application."
Fill out the Finance Application with the required information and submit it online.However, the final steps and securing financing will be completed in person at your local Volvo dealer.
Volvo sometimes offers 0% APR financing. Usually, people with good credit scores will qualify for the 0% APR financing. But you should visit your local Volvo dealership to see if you qualify for the offer.
Volvo Car Financial Services (VCFS) provides financing options that are both cheap and competitive for new Volvo vehicles and Volvo Certified Pre-Owned Automobiles.
Volvo Financial Services (VFS) is the financial service provider of Volvo Group.
Volvo doesn't insist on a minimum credit score. Instead, those with a score above 740 will be eligible for good rates.