9:30 PM | July 15 2019
Volvo Car Future Value^
Introducing a new way to own a Volvo – with the flexibility to return it, retain it, or trade it in for a new model.
Imagine a new way of buying a new Volvo that gives you the utmost flexibility and maximum peace of mind.
It’s now a reality with the introduction of the Volvo Car Future Value^– a program designed to remove the traditionally big ownership worry about a new vehicle’s resale value when it comes time to sell.
Volvo Car Future Value^is a loan agreement that provides the confidence of the Guaranteed Future Value Price#on a select range of new Volvos by taking market variables out of the equation.
And at the end of the loan term, you can either trade in for a new Volvo, retain your Volvo, or return your Volvo.
HOW IT WORKS
The first step is to select your new Volvo, including any desired optional accessories as well as insurance that suits you. Then decide on the deposit (if any), or trade in your current vehicle to use towards a deposit.
Then select from options such as the length of your loan term and a kilometre limit for this duration and Volvo Car Financial Services will calculate the Guaranteed Future Value Price#– the pre-agreed purchase price for your Volvo at the end of your finance contract – as well as your monthly repayments and a balloon payment based on the expected Guaranteed Future Value Price# of your selected Volvo.
RETAIN, TRADE-IN, OR RETURN
Volvo Car Future Value provides you with several options at the end of your chosen vehicle-loan term.
Firstly, you can simply retain your Volvo by paying the Guaranteed Future Value Price#and any remaining balance on your loan or refinancing the outstanding balance (subject to credit assessment).
A second option is to upgrade to a new Volvo by trading in your original Volvo. If the trade-in value of your Volvo is higher than the Guaranteed Future Value Price#, you can choose to contribute the difference as a deposit towards your new Volvo.
Or, using Volvo Car Future Value^, you can return your vehicle to an authorised Volvo dealer at the end of your loan agreement. If you choose and are eligible to exercise the Volvo Car Future Value^option, our arranged buyer will purchase your vehicle for the Guaranteed Future Value Price#.
This is then applied against the amount owing on your loan agreement. If there is any shortfall, you simply pay the remaining balance.
The Guaranteed Future Value Price#is subject to the vehicle being in good working order and condition, and not exceeding the chosen kilometre limit.
Your Volvo must be maintained in good working order and condition* and within the Fair Wear and Tear guidelines (available for review in the Volvo Car Future Value contract). This includes the vehicle being maintained according to the manufacturer’s recommended servicing schedule.
If you choose to sell the vehicle to Volvo under Volvo Car Future Value^, any condition deduction will reduce the Guaranteed Future Value Price#.
The Guaranteed Future Value Price#will also be reduced if the agreed kilometre allowance is exceeded, with an excess usage fee per kilometre applied. This will reduce the Guaranteed Future Value Price#.
For more information on the excess usage amount per kilometre, please refer to the Volvo Car Future Value^contract or speak to an authorised Volvo dealer.
Volvo Car Future Value^is available only to individuals on an approved Consumer Loans with terms of 36 or 48 months. All new Volvo XC models with the exception of the XC90 Excellence are eligible. Volvo Car Future Value^ is expected to be available on the on the S60, V60 and V90CC ranges from August 1 2019.
To find out more about this great way to finance your next Volvo, contact your local dealer on the following link today for more details:
^ Vehicle finance and Volvo Car Future Value is provided by Macquarie Leasing Pty Limited (trading as Volvo Car Financial Services) ABN 38 002 674 982 (Australian Credit Licence Number 394925) (Macquarie Leasing). Volvo Car Financial Services is a registered business name of Macquarie Leasing and Macquarie Leasing is licensed to use such name, the Volvo Car Future Value name and other trademarks under agreements with Volvo Car Corporation. Volvo Car Future Value is only available if taken up from Macquarie Leasing in connection with an approved consumer loan product for new Volvo XC vehicles excluding XC90 Excellence from participating Volvo dealers. Finance and Volvo Car Future Value is provided by Macquarie Leasing to approved applicants (not available to fleet, government or rental buyers or for rideshare usage), subject to its credit assessment criteria and on rates provided by Macquarie Leasing. Terms and conditions, fees and charges apply. Volvo dealers may receive commissions from Volvo Car Australia in connection with the uptake and promotion of Volvo Car Future Value. Please read the full terms and conditions. Before acting on any of the information on this website or provided by a Volvo dealer, please seek independent financial and tax advice and consider whether the product is right for you.
# The Guaranteed Future Value Price is the pre-agreed purchase price for your Volvo at the end of your consumer loan agreement with Macquarie Leasing. This price will be reduced if your Volvo exceeds the agreed kilometre allowance or is not in Good Working Order and Condition*. At the end of your consumer loan agreement, you will have the option to sell your Volvo to a pre-arranged buyer, subject to meeting certain pre-conditions which are set out in your Volvo Car Future Value contract with Macquarie Leasing. To exercise this option your Volvo must be inspected and assessed by a participating Volvo dealer before the end of the term of your consumer loan agreement. The Guaranteed Future Value Price is not a representation of the market value of your Volvo on or about the end of your consumer loan agreement. The Guaranteed Future Value Price will be applied against the amount owing on your consumer loan, but you will be required to pay the difference if there is a shortfall. Terms, conditions, fees and charges apply and are available upon request from a Volvo dealer.
*Good Working Order and Condition describes the manner in which the vehicle should be returned and the criteria against which it will be inspected at the end of your consumer loan agreement and is defined within the Volvo Car Future Value contract with Macquarie Leasing. A copy of the Volvo Car Future Value contract can be obtained from participating Volvo dealers on request.