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Volvo Car Financing Review 2022: Buy, Lease or Subscribe

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You can finance or lease a new or certified pre-owned Volvo through Volvo Car Financial Service (VCFS). As a subsidiary of Volvo Car Corp., VCFS provides financial service products to Volvo customers and retailers in the United States. VCFS offers qualified buyers competitive interest rates and flexible lease terms.

Volvo Car Financial Service loans at a glance

Loan TypeStarting APRTermsAmountMin. credit score
New2.49%Up to 60 monthsNot disclosedNot disclosed
Certified pre-owned1.99%Up to 60 months (may extend up to 72 months, in some cases)Not disclosed600

Volvo Car Financial Services auto loans pros and cons


  Interest rates on a new Volvo start at 2.49% for customers 

  Offers monthly subscription plans that can be canceled in most states after five months

  Financing is available only on new and certified pre-owned Volvos

  Must apply through Volvo dealership

  Limited information about financing and lease terms is available online; you must speak with a dealer for rates and terms

A closer look at Volvo Car Financial Services auto loans

VCFS provides competitive and flexible financing options for your new Volvo. Buyers enjoy low finance rates on new and certified pre-owned Volvos. VCFS offers flexible leasing with a choice of mileage plans and terms of up to 48 months.

Volvo provides a handful of special offers:

  • Stateside military offer: Members of the military stationed in the U.S. can receive a $500 bonus incentive when purchasing or leasing a new Volvo.
  • Overseas military offer: Active duty military personnel and U.S. diplomats stationed overseas are eligible for significant savings that are under the U.S. MSRP and three years of complimentary scheduled maintenance when they buy a new Volvo.
  • Affinity offer: First responders, medical professionals and teachers may be eligible for a $500 incentive bonus when they purchase or lease a new Volvo. This incentive offer is available through January 2023 on specific models.

To take advantage of these incentive programs, you must verify your eligibility online through to get your Volvo PIN. Bring your PIN to your Volvo dealer when you’re ready to buy or lease a new Volvo.

In addition to incentive offers from Volvo, buyers may be eligible for special programs through VCFS:

  • Graduate program: The Volvo college graduate program offers new grads the opportunity to finance their Volvo purchase with 5% down, upon credit approval.
  • Expatriate program: Under the expatriate program, business professionals from countries outside the U.S. may be able to finance or lease a Volvo with contract terms based on their length of stay under their visa or employment contract.

In addition to flexible lease terms and mileage plans, VCFS offers a handful of special lease programs:

  • Single lease payment: Rather than make monthly payments over your lease term, you can make one single payment upon signing. The single payment costs less than making monthly payments over the lease term.
  • Business lease: Owners can lease a new Volvo through their company.
  • Multiple security deposits: You can reduce your monthly payments when you make a refundable security deposit when signing your lease. At the end of the lease, your additional deposit is refunded to you.

VCFS also offers the Care by Volvo subscription plan. As with a lease, you’ll make monthly payments under this plan. Each monthly payment includes the cost of vehicle usage, automobile insurance, factory scheduled maintenance, excess wear protection and road hazard tire and wheel protection.

However, the Care by Volvo program differs from a traditional lease as customers may subscribe for a shorter time. While a traditional lease may span 36 months, you’ll be able to cancel the subscription and return the vehicle once you’ve made five payments. You may cancel the subscription after making 12 payments if you live in Illinois.

How to apply for a Volvo Car Financial Services auto loan

You cannot apply for a VCFS loan online. Instead, you can request a quote from a local Volvo dealership:

  • Visit Volvo Car Financial Services
  • Under “Offers & Programs” at the top, select “Volvo Shopping Tools”
  • Choose the “Request Quote” option
  • Using the form, select the model you’re interested in, enter your contact information and choose your local Volvo retailer from the drop-down menu
  • Choose your method of communication and submit the form

Once you’ve submitted your request, the Volvo dealership of your choice will contact you.

How Volvo Car Financial Services auto loans compare

Volvo Car Financial Services offers similar interest rates and terms compared with banks and online lenders.

VolvoLightStreamBank of America
Starting APR2.49%5.49% (with AutoPay)4.69%
TermsUp to 60 months (may extend up to 72 months, in some cases)Up to 84 months*Up to 72 months
AmountNot disclosed$5,000 to $100,000Minimum of $7,500
Min. credit scoreNot disclosedGood creditNot disclosed

(*Payment example: Monthly payments for a $10,000 loan at 3.99% APR with a term of 3 years would result in 36 monthly payments of $295.20.)

Is a Volvo Car Financial Services loan right for you?

Volvo Car Financial Services may be the right choice if you prefer dealer financing. But, it is good to shop around for auto loans before you buy. You could save money with lower interest rates or more favorable lending terms.


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