New PCP Finance Plans

Volvo Car Ireland has just announced new Personal Contract Plans for the Volvo range applicable for the new 142 Registration period. Volvo is renowned for building some of the safest cars in the world and now they are offering complete peace of mind when you purchase a brand new Volvo. The new Personal Contract Plan (PCP) means that the customer pays low monthly instalments for 36 months and are guaranteed a minimum future value (GMFV) of 41% of the on the Road Price. At the end of the term, the customer can 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 XC60 D4 ES FWD with its highly efficient DRIVE-E engine from as little as €459* per month*.

The PCP is available on all models with :

• The Stylish V40 is available from €299* per month
• The Dynamic S60 is available from €339* per month
• The Luxurious S80 is available from €489* per month
• The Rugged XC60 is available form €459* per month

Commenting on the initiative, Adrian Yeates, Managing director of Volvo car Ireland said: “There has been a significant increase in the uptake by Irish customers of vehicle finance packages we believe our competitive new PCP offers and pricing along with our new Model Year 15 vehicles offer customer the perfect combination of Style, Safety and Affordability.”

A Personal Contract Plan 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 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 minimum Guaranteed Future Value (GMFV††).

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).