Two new finance products have been introduced by Volvo Car South Africa (VCSA). The new introductions are tailor-made to suit the needs of customers and the Volvo brand, VCSA said.

Greg Maruszewski, VCSA MD said Volvo introduced the new finance options as the carmaker wanted “to be able to present existing and potential new Volvo buyers with a simplified, more modern and more cost-effective financial option, over and above traditional finance agreements.”

Both products can be combined or separately chosen when purchasing a new Volvo. The products include the Volvo Versatility Finance option and the Volvo Car Insurance option.

Volvo Versatility Finance

Volvo Versatility Finance is the new guaranteed future value (GFV) finance product available through Volvo Car Financial Services, on any new Volvo car.

VCSA said this offer presents the best-in-class GFV across the entire Volvo range, which aims to simplify and enhance the Volvo ownership experience by guaranteeing buyback at a predetermined value and within limited mileage after three years of ownership.

“Besides adding value and augmenting customer care, Volvo Versatility Finance also makes it easier for Volvo owners to ‘always drive new’,” VCSA said.

They carmaker also offer customers the option to buy their existing Volvo outright or simply return it. VCSA said this will give the customer “peace of mind and a predetermined value enabling a sound and confident ownership cycle, outright”.

Maruszewski said that with this finance option, it has become even more appealing to buy a new Volvo – and then have the option to change it after three years.

“This makes Volvo ownership an even more appealing and enjoyable experience,” he said.

Volvo Car Insurance

VCSA said this second option was designed to amplify Volvo Versatility Finance but also increase the attractiveness of Volvo ownership (regardless of whether the vehicle is purchased in cash, via a traditional finance agreement or with Volvo Versatility Finance).

The new Volvo-personalised insurance scheme is underwritten by Guardrisk Insurance Company and administered by Insurance Underwriting Managers.

“Available on all Volvo models, the scheme offers highly-competitive comprehensive insurance premiums,” VCSA said.

As a launch offer, VCSA is offering customers a comprehensive insurance on its vehicles including Volvo’s 90-range (the XC90 and new S90), which is available at a fixed R999 per month for the first 12 months.

Maruszewski said these attractive insurance premiums, which are available on all their models “further emphasises our commitment to the consumer”.