Monthly payments
Your first payment will be due one month after the start of your contract and should be made via Direct Debit. You'll need to provide your bank details to Volvo Cars Financial Services UK to set this up. Remember to update your bank details if they change.
The cost of any fixed accessories or accessories that should stay with the car will be included in your monthly payments. Any extra charges or fines will be added to your upcoming monthly bill.
Note
Road Fund Licence
Road Fund Licence is included with your Volvo Loan or Personal Contract Purchase for the first year, after that you will be responsible for paying your vehicle tax.
Lowering your monthly payments
There are a number of ways you can influence your monthly payments when you order your car:
Volvo Loan
- Contract length: A longer contract term spreads the total cost over a longer period of time, reducing your monthly payments.
- Optional deposit: Paying a larger optional deposit reduces the amount to be financed, resulting in lower monthly payments.
Personal Contract Purchase
- Annual mileage: The less you drive, the less your car depreciates. Choosing a lower annual mileage when you order your car will reduce your monthly payments.
- Contract length: A longer contract term spreads the total cost over a longer period of time, reducing your monthly payments.
- Optional deposit: Paying a larger optional deposit reduces the amount to be financed, resulting in lower monthly payments.
Making changes to your payment schedule
If you need to change your payment date, you can do this online or by contacting Volvo Car Financial Services UK. For more information visit vcfsuk.co.uk/volvo/managing-your-agreement.