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At HSF Group we have trained finance specialists within all of our dealerships who pride themselves in offering outstanding customer service and assisting customers in finding the right funding solution to suit their pocket and individual circumstances.
With clear agreements and competitive finance packages available to suit your needs, we're confident we can help you get something special on your driveway.
Choosing the right car goes hand-in-hand with finding the right financial package too. And, just as you’d expect from Volvo, we have a range of products to make your life easier.
Leasing and Finance Products
For private buyers, Volvo Car Financial Services UK Limited has created ways for you to finance, hire or lease the right car for you. Find out more below.
What is Personal Contract Hire (PCH)?
Personal Contract Hire (PCH) is the choice favoured by most people who would prefer to use a vehicle, rather than own one. You simply choose a vehicle for an agreed period, up to 48 months, in exchange for a fixed monthly rental. There are no depreciation or vehicle disposal worries since you just return the vehicle at the end of the contract. Fixed price servicing and maintenance options are usually available with most contracts for an additional cost, meaning PCH is the ultimate in hassle-free motoring.
How does it work?
A Personal Contract Hire agreement can be structured to meet your needs based on the vehicle, estimated annual mileage, the agreement duration and any additional services you require.
You may pay an initial rental that can be tailored to suit your requirements. The greater the initial rental, the lower your regular rentals will be.
At the end of the contract you simply return the vehicle.
You pay a fixed monthly rental for the duration of the contract – subject to tax and Road Fund Licence charges.
The contract can be tailored to suit your personal requirements.
Your monthly rental can also include servicing, maintenance and repair, for an additional cost.
What is Personal Contract Purchase (PCP)?
Personal Contract Purchase (PCP) is a flexible form of conditional sale loan where some of the cost is deferred until the end of the agreement. The benefits of this is lower monthly payments. The deferred amount is known as the Optional Final Payment and is sometimes referred to as the Guaranteed Future Value (GFV). At the end of the agreement you have three options:
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.
You decide which option is best for you.
A fixed monthly payment, allowing you to budget with confidence.
Potentially lower payments than Purchase Plan 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.
What is Purchase Plan (PP)?
Purchase Plan (PP) is a simple purchase agreement that gives you the certainty of a fixed interest rate; and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you'd like to keep the vehicle.
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.
A fixed rate of interest and a fixed monthly payment, allowing you to budget with confidence.
A simple loan that allows you to repay the amount payable with equal instalments.
Leasing and Finance Products
For business customers, Volvo Car Financial Services UK Limited has created ways for you to lease the right car for you. Find out more below.
What is Business Contract Hire (BCH)?
Business Contract Hire is an efficient way of funding a single vehicle or a business fleet. Simply choose a vehicle for an agreed period up to 48 months in exchange for a fixed monthly rental - making it easier to budget. There are no vehicle depreciation worries since you just return the vehicle at the end of the contract. Fixed price servicing and maintenance options are usually available with most contracts for an additional cost.
How does it work?
A Business Contract Hire agreement can be structured to meet your needs based on the vehicles estimated annual mileage, the agreement duration and any additional services you require.
You may pay an initial rental that can be tailored to suit your requirements. The greater the initial rental, the lower your regular rentals will be.
At the end of the contract you simply return the vehicle.
Features & Benefits
You pay a fixed monthly rental for the duration of the contract – subject to tax and Road Fund Licence charges.
The contract can be tailored to suit your businesses requirements.
Your monthly rental can also include servicing, maintenance and repair, for an additional cost.
Following an accepted application, Volvo Car Financial Services UK Limited will fulfil your Personal Contract Purchase / Purchase Plan as either a Conditional Sale Agreement or a Fixed Sum Loan Agreement. Terms apply. 18’s & over, subject to status. Guarantee may be required. Finance provided by Volvo Car Financial Services UK Limited, SL6 4FL.
Conditional Sale: The agreement is secured against the car. If you do not keep up your repayments, we may take steps to recover the money that you owe us, which may include repossession of the car. Only when all payments under the agreement have been made do you become the owner of the vehicle.
Fixed Sum Loan: You own the car right from the start of the loan. You will have no right to terminate the agreement early (under a voluntary termination through the Consumer Credit Act 1974). You may only use the loan for the purchase of the agreed car.
Volvo Car Financial Services UK Limited
Company No. 12718441
Scandinavia House, Norreys Drive, Maidenhead, SL6 4FL
Volvo Car Financial Services UK Limited authorised and regulated by the Financial Conduct Authority, 933949
Finance Application Terms and Conditions
By completing the application for vehicle finance below, you give Volvo Car Financial Services UK Ltd, the authority to request your credit history from credit reference agencies ("CRAs") and that you agree to a full ("hard") credit search on your credit report.
This hard search includes information like your credit score, credit report and data related to them, such as credit providers, county court judgments ("CCJs") and reasons for changes to your score or report. Hard searches are visible to third parties.
When you submit the application, a hard credit search will be performed and your eligibility for vehicle finance will be considered against our acceptance criteria and will consider affordability elements that a credit search may not. We will assess your ability to repay the finance provided, now and in the future, including in the event of a change in circumstances or the general market, such as an interest rate change. Before proceeding, please note that multiple hard credit searches in close proximity to each other can detrimentally impact your credit score. Lenders and credit scoring models consider how many hard credit searches you have on your credit reports. This is because applications for new credit increase the risk a borrower poses to lenders. Be mindful of submitting multiple finance applications in a short window of time.
