Personal Contract Purchase (PCP)

If you like to change your car every 2-3 years, then the Volvo Car Advantage personal contract purchase plan, is perfect. By deferring part of the cost to the end it means you can reduce the length of your agreement, and at the end you have the flexibility to keep,exchange or return your vehicle.

The added advantage on this plan is that the final payment (guaranteed to be the minimum worth of the car) is optional – if you don’t wish to pay you can part exchange or return the car to Volvo.

Plan benefits:

  • Reduced instalments compared to regular finance plans due to optional final payment
  • Ideal if you plan to change cars every 2-3 year
  • Guaranteed Minimum Future Value protects you from any future declines in used car prices
  • You will benefit from all the consumer lending rights

How do the plans work?

  • Choose from a range of deposits
  • You then choose your repayment period (up to 48 months) to suit your buying needs.
  • A Guaranteed Minimum Future Value (GMFV) is set by Volvo taking into consideration the age and mileage of the car. This value is used to set the optional final payment.

At the end of the agreement you have three options regarding the final payment:

Option 1 - Part Exchange

Option 1 - Part Exchange

At any stage during your agreement you can talk to your dealer about settling your account and using any equity in your car towards a new Volvo.
Or you can sell the vehicle privately having settled your account and keep any excess value above the GMFV/Optional Final Payment to use as a deposit on your new Volvo.

Option 2 - Retain ownership

Option 2 - Retain ownership

At the end of the agreement you can pay the GMFV/Optional Final Payment and retain ownership of the vehicle.

Option 3 - Return the car to Volvo

Option 3 - Return the car to Volvo

Provded the vehicle is in a decent condition (please refer to your guide to fair wear and tear) and within your agreed mileage, you can return the vehicle to Volvo with nothing more to pay. If you have exceeded the agreed mileage, an excess mileage charge will be due.

Volvo Car Purchase Plan and Volvo Car Advantage are offered by Volvo Car Financial Services. Finance subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantees / Indemnities may be required. Excess mileage and other charges may apply dependent on the mileage and return condition of the vehicle at the end of the contract.

Volvo Car Purchase Plan

This traditional car purchase scheme allows you to buy your car by paying, after the initial deposit, in simple, equal instalments at a fixed rate.

Plan benefits:

  • Suitable for non-VAT registered customers
  • Regular fixed instalments

How do the plans work?

  • Choose from a range of deposits
  • You then choose your repayment period (up to 5 years) to suit your buying needs.
  • And at the end of the agreement, the car is yours (you may settle the agreement at any time).

Volvo Car Purchase Plan and Volvo Car Advantage are offered by Volvo Car Financial Services. Finance subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantees / Indemnities may be required. Excess mileage and other charges may apply dependent on the mileage and return condition of the vehicle at the end of the contract.

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