Car Finance Options

Choosing the financial package goes hand-in-hand with finding the right car. We have a range of products to make the purchase of your car a simple process.

For private buyers through Volvo Car Financial Services UK Limited there are many ways for you to finance, hire or lease the right car for you. In support of the finance options we also offer Guaranteed Asset Protection (GAP) Insurance.

We will work with you through your purchase journey to ensure you select the funding method that suits your requirements exactly.

Finance Options Explained in Detail:


Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car.

If you like to change your car every 2-3 years, then the Volvo Car Advantage Personal Contract Purchase plan, could be the perfect solution for you. 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.

What makes PCP different to Conditional Sale (CS) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV) or Optional Final Payment. Alternatively you can you return the car or renew.


•You will agree an estimated annual mileage and term. This will be in order to generate the Optional Final Payment.
•You agree on the amount of deposit, and this figure combined with the agreement duration and Optional Final Payment will determine the amount of your monthly payment.
•You sign the agreement, pay the deposit and then make the monthly payments.
•At the end of the agreement we’ll write to remind you of the three available options:

  1. Buy the car by paying the final balloon payment (the Guaranteed Future Value)
  2. Hand the car back - your finance company has already predicted the Guaranteed Future Value of the car, so handing the car back will settle the deal. The mileage allowance will have been agreed at the beginning of your contract and there may be excess mileage charges if you exceed this.
  3. Part exchange for a new car.


  • A fixed monthly payment, allowing you to budget with confidence
  • Potentially lower monthly payments than a Hire Purchase agreement
  • Variety of options available at end of the agreement
  • You can match the length of your agreement with the time you want to keep the vehicle


  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.



The agreement can be structured to meet your individual requirements based on the car, the agreement duration required, the available deposit and your monthly budget.

After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees. The interest rate is fixed which means you’ll know exactly how much you will repay throughout the term of the agreement. Once all of the payments have been paid the car is yours.


  • Buy your car by repaying the amount payable in instalments that suit your circumstances.
  • The certainty of a fixed interest rate means you can confidently budget for future payments.
  • You decide how long you want to spread the payment of the balance over. The car is yours once all payments are made.  


  • As with any financial agreement, it’s critical that you’re sure you can make the repayments before you commit to a loan.
  • The lender may require you to repay the loan if you sell the car or it is written off.
  • Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the car.


With a car subscription, you can change car or cancel with just 3 months’ notice.


Unlike buying a car or some personal car leasing, Volvo Subscription comes with no advance payment, no long-term contract and no hidden costs. You pay a clear monthly fee for your favourite Volvo – and get top-class features, time-saving extras and most operating costs included.*

*Your subscription excludes annual car insurance and consumables such as fuel, AdBlue, washer fluid and oil (unscheduled refills) and charges for speeding, tolls and parking. Read more in our FAQ.


The car subscription is all-inclusive, providing the essentials you need for driving the Volvo of your choice.

One fixed monthly payment

With our car subscription, the practicalities of driving are covered by making one easy monthly payment.

Change or cancel

You can change your car or cancel your subscription anytime, with 3 months’ notice.

What is included with a car subscription?

•Warranty for 3 years or 60,000 miles

•Roadside Assistance - Accident or Breakdown, just press the assist button for help

•Home Delivery - Choose to have your car delivered to your door, at no extra cost.

•Digital Services - a range of Google digital services are included free for up to 4 years.
•Volvo Cars APP - remote control and vehicle managements for up to 4 years

•Driveaway insurance - Insurance for 7 days from the moment you drive away

•Car Switch - change your car with only 3 months' notice

•Yearly Inspection - in accordance with regulations

•Loan Car - A replacement vehicle when your own car needs a service or repair

•Pick up and delivery - collection and delivery of your car if needed

•Service Plan Plus with tyres - Comprehensive cover during your contact period

Electric Vehicles Only

Service Plan Plus with Tyres - Comprehensive cover during your contract period

¹ Volvo Insurance is provided by Wrisk Transfer Limited and is subject to eligibility

A car subscription is a risk-free, hassle-free and time-freeing alternative to buying or leasing a new car. Truly flexible. Easy to start or stop. With services you need, for a clear cost. So just like TV, music or news, you can now subscribe to a brand new Volvo car. No deposit, no long-term contract, no hidden costs. Just a clear monthly fee that covers most practicalities. All done online. And if life changes, your subscription changes with you. You can switch car or simply cancel with just 3 months’ notice


You order the car you want online – in minutes. No deposit, just a clear monthly fee. No haggling, no hidden costs, no hassle. Your monthly fee includes these time-saving extras:

  • Vehicle tax (VED)
  • Service & maintenance*
  • Warranty & mechanical repairs
  • Wear & tear cover
  • Replacement tyres
  • Workshop courtesy car/Collection & delivery service


Our car subscription is an option if you want the latest Volvo yet like to keep your options open. A wide range of essential services are included for a fixed monthly payment. You choose which Volvo you would like, along with the mileage that you think most closely fits your needs. You can change your car or cancel your subscription anytime, with only 3 months’ notice. Although some may consider non-ownership a benefit, subscribing, as with renting or leasing, doesn't result in any vehicle ownership at the end of the subscription term. The monthly subscription fee is for using the car during the subscription term and nothing more.

Important Information

Your hire agreement for your new Volvo will be with UK Automotive Solutions Limited. Volvo Car UK Limited will provide you with all support related to the hire agreement.

*Your subscription excludes annual car insurance and consumables such as fuel and washer fluid. Charges for speeding, tolls and parking are also excluded. Read more in our FAQ.

In support of the finance options, we also offer Guaranteed Asset Protection (GAP) Insurance. This is designed to cover those unfortunate experiences such as theft or an accident resulting in the car being written off. GAP insurance ensures the value you get back from your insurer is the original invoice value, not the valuation of the vehicle at the time of the claim.

Depending on the age of the vehicle when the claim was made there could be a gap between how much the insurer is prepared to pay and how much is left on the finance agreement. In this situation, the agreement holder would be liable to fund the difference. GAP insurance provides cover to ensure any difference is protected.

Should you have any further questions please ask a sales consultant who will be happy to help.