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  • Volvo Car Ireland announces "Groundbreaking Safety Features" in their new PCP finance plan

    26/06/2013

    Volvo Car Ireland has just launched a Personal Contract Plan with a difference on the Volvo V40, S60 and XC60. Volvo are so confident about the future value of their models that they are guaranteeing a GMFV†† of at least 41%.

     

    Volvo is renowned for building some of the safest cars in the world and now they are offering complete peace of mind when you purchase a brand new Volvo. The newly launched Personal Contract Plans (PCPs) means that the customer pays low monthly instalments for 36 months and are guaranteed a minimum future value (GMFV) of 41% of the On the Road Price. At the end of the term, the customer can part exchange their Volvo for another brand new model or return it with no further payment due†† or pay the GMFV††  and keep the car. So you can drive away in the V40 T2 from as little as €249* per month*.


     

    The PCP is available on the following models:

    • The Stylish V40 is available from €249* per month

    • The Dynamic S60 is available from €305* per month

    • The Rugged XC60 is available form €399* per month

     

    Commenting on the initiative, Adrian Yeats, Managing director of Volvo car Ireland said: “There has been a significant increase in the uptake by Irish customers of vehicle finance packages we believe our competitive new PCP offer and pricing along with our new Model year 14 vehicles offer the potential customer the perfect combination of Style, Safety and Affordability.”
     

     

    A Personal Contract Plan 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 Personal Contract Plan 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 your car will be worth at the end of your agreement, your minimum Guaranteed Future Value (GMFV††).

     

    Together with Bank of Ireland Finance Volvo is offering finance arrangements across the Volvo range. It currently offers finance through Hire Purchase (HP) agreements or PCP’s (Personal Contract Plans). To find out more, contact your local Volvo dealer.

     

    Example below:

    Model Purchase
    Price†
    Customer
    Deposit/
    Trade in
    Finance
    Amount
    36 Monthly
    Payments of
    Term GMFV††
    Optional
    Final
    Payment)
    Total
    Cost of
    Credit
    APR%*
    Fixed
    Volvo V40
    T2 ES
    €26,945 €8,083.50 €18,861.50 €249 37 €11,125 €1,290.99 2.9%

     

    †Includes delivery & related charges. ††The Guaranteed Minimum Future Value (GMFV) is payable if you renew or retain the vehicle at the end of the agreement. Further charges may be applied by your Volvo Dealer subject to kilometre limits/ condition of the vehicle. *Lending criteria and terms and conditions apply. Finance is provided by way of a hire purchase agreement at participating Volvo dealers only. Finance examples are based on a fixed rate APR of 7.9% and is inclusive of a once off documentation fee of €63.49. To qualify for this Finance Offer; a deposit of 30% of the On the Road Price applies and a maximum term of 37 months. Rate quoted is correct as at 13th June 2013 and is subject to change. This offer is available on specific Volvo models shown registered until 31st July 2013. The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.

    Volvo Car Ireland has just launched a Personal Contract Plan with a difference on the Volvo V40, S60 and XC60. Volvo are so confident about the future value of their models that they are guaranteeing a GMFV†† of at least 41%.
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