Volvo Car Ireland announces 0% PCP Finance on the Volvo V40, Volvo S60 and the new Volvo S90. The company says that there has never been a better time to purchase a new Volvo car, along with the 0% PCP Finance offers there is also a free style pack worth €2,000 on the XC60, and three years free servicing on the Volvo S60 and Volvo V60.
Financed through Bank of Ireland Finance, Volvo Car Ireland says that their 0% PCP Finance offer means customers won’t pay one cent of interest on their finance agreement. And as with PCP car finance products, buyers have the option to pay off the balance, hand back or trade in their Volvo car with a guaranteed minimum future value after the three year PCP contract comes to a close.
Commenting to us on the new campaign, Patricia Greene, Head of Communications said: “The Volvo Car brand is built on award-winning Swedish design and engineering. With our most innovative Volvo range in terms of design, safety and technology and our strongest ever finance offers there has never been a better time to visit a Volvo car dealership. There has been a significant increase in demand by Irish customers for vehicle finance packages, we believe our competitive PCP offer should be a welcome proposition for car buyers”.
And Volvo Car says that for a limited time only the Volvo XC60 also comes with a complimentary Style Pack worth €2,000. The Style Pack benefits from: Front & rear park assist, Rear parking camera, Active TFT crystal driver’s information display, and Interior lighting high.
Volvo Car points out that their 0% PCP Finance and XC60 free style pack offers are available at their participating dealers and are applicable to retail sales only on cars registered between 1st January 2017 and 31st March 2017
Personal Contract Plan (PCP) explained
Personal Contract Plan (PCP) means that the customer pays low monthly instalments for 36 months and are guaranteed a minimum future value or Guaranteed Minimum Future Value (GMFV) of 38% of the ‘On The Road Price’. This 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.
At the end of the term, the customer can also 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 for example in the Volvo V40 from €249 per month after paying a minimum deposit 10 per cent, the Volvo S90 from €399 or the Volvo S60 from €335 a month, again with a minimum deposit of 10 per cent in both cases. Ans as always, you should also review all the terms and conditions that apply.
A Personal Contract Plan (PCP) 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 (PCP) 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 Guaranteed Minimum Future Value (GMFV).
Volvo Car Ireland also pointed out to us that 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).