Volvo Car Financial Services

Choosing the right car goes hand-in-hand with finding the right financial package too. And, just as you’d expect from Volvo, we have a range of products to make your life easier.

Personal Car Leasing and Funding Options

For private buyers, Volvo Car Financial Services has created a range of funding, contract hires, and leasing plans so that you can choose the right one for you. Click on each option to find out more.

PCH

Personal Contract Hire

Personal Contract Hire is the choice favoured by most people who would prefer to use a vehicle, rather than own one. You simply choose a vehicle for an agreed period up to 48 months in exchange for a fixed monthly rental. There are no depreciation or vehicle disposal worries since you just return the vehicle at the end of the contract. Fixed price servicing and maintenance options are usually available with most contracts for an additional cost. Personal Contract Hire is the ultimate in hassle-free motoring.

PCP

Personal Contract Purchase

A Personal Contract Purchase is a flexible form of loan where some of the cost is deferred until the end of the agreement in order to provide you with the benefit of lower monthly payments. The deferred amount is known as the Optional Final Payment and is sometimes also referred to as the Guaranteed Future Value (GFV). At the end of the agreement you have three options: Retain the car, Return the car, Renew the car

PP

Purchase Plan

A simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you expect to keep the car. You can trade in your existing car and put this towards the initial deposit, or if you wish, just put down a cash deposit.

PCP

Personal Contract Purchase

HOW DOES IT WORK?

You will agree an estimated annual mileage and this will be used to determine the Optional Final Payment

You agree on the amount of deposit, and this figure combined with the agreement duration and Optional Final Payment will determine the amount of your monthly payment

You sign the agreement, pay the deposit and then make the monthly payments

At the end of the agreement we’ll write to remind you of the three available options

You decide which option is best for you. Your retailer may be able to help if you decide to part exchange the car

 

FEATURES AND BENEFITS
A fixed monthly payment, allowing you to budget with confidence
Potentially lower payments than Purchase Plan agreement
Variety of options available at end of the agreement
You can match the length of your agreement with the time you want to keep the vehicle

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PCH

Personal Contract Hire

HOW DOES IT WORK?

A Personal Contract Hire agreement can be structured to meet your needs based on the car, estimated annual mileage, the agreement duration and any additional services you require

You may pay an initial rental that can be tailored to suit your requirements. The greater the initial rental, the lower your regular rentals will be.

At the end of the contract you simply return the vehicle

 

FEATURES AND BENEFITS
You pay a fixed monthly rental for the duration of the contract – subject to tax and Road Fund Licence charges
The contract is flexible to meet the rental period and mileage that suits you
Your monthly rental can also include servicing, maintenance and repair, for an additional cost

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PP

Purchase Plan

HOW DOES IT WORK?

The agreement can be structured to meet your individual requirements based on the car, the agreement duration required, the available deposit and your monthly budget

After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees

The interest rate is fixed which means you’ll know exactly how much you will repay throughout the term of the agreement

Once all of the payments have been paid the car is yours

 

FEATURES AND BENEFITS
A fixed rate of interest and a fixed monthly payment, allowing you to budget with confidence
A simple loan that allows you to repay the amount payable with equal installments.

A new and unique way to drive a Volvo

Care by Volvo

You get the best out of the car. We take care of the rest.

Following an accepted application, Santander Consumer UK will fulfil your Purchase Plan as either a Conditional Sale Agreement or a Fixed Sum Loan Agreement.

Conditional Sale: The agreement is secured against the car. If you do not keep up your repayments, we may take steps to recover the money that you owe us, which may include repossession of the car. Only when all payments under the agreement have been made do you become the owner of the vehicle.
Fixed Sum Loan: You own the car right from the start of the loan. You will have no right to terminate the agreement early (under a voluntary termination through the Consumer Credit Act 1974). You may only use the loan for the purchase of the agreed car

T&C's apply. 18's & over, subject to status. Guarantee/Indemnity may be required. Finance provided by Santander Consumer (UK) plc trading as Volvo Car Financial Services, RH1 1SR.