Volvo Financial Services (VFS) is extending enhanced finance programs in the U.S. and Canada through May 29, 2020 on the purchase or lease of model-year 2020 or 2019 Volvo VNL, VNR, VNX or VHD trucks in stock during this time of financial uncertainty.
“We understand how important it is – especially during this unprecedented situation with the coronavirus – for trucking companies to maintain strong cash flow,” said Stephen Yonce, vice president of Volvo Financial Services. “To do our part, Volvo Financial Services continues to seek out ways to help our customers through these difficult times.”
For U.S. customers, the “Hammer Down” Program extends the first payment for 60 days for qualified buyers of Volvo VNL, VNR and VNX models and 90 days for qualified buyers of VHD models in dealer stock inventory. In addition, the program offers low to no down payments for qualified applicants. For model-year 2019 trucks, customers can receive up to $5,000 USD payment credit on initial monthly installment or lease payments, and up to $3,000 USD payment credit on initial monthly installment or lease payments for model-year 2020 models.
Daycab models will receive an engine plan and purchased exhaust aftertreatment system (EATS) coverage for three years or 300,000 miles. Volvo VNL, VNR and VNX sleeper models will receive an engine plan and purchased EATS coverage for four years or 500,000 miles.
In Canada, the “Spring Into Action” Program offers $4,000 CAN in down payment assistance as well as up to $5,000 CAN towards the cost of purchased coverage for 2019 VNL, VNR, VNX & VHD models, and up to $3,000 CAN towards the cost of purchased coverage for 2020 VNL, VNR, VNX & VHD models. The program also extends the first payment up to 60 days for qualified on-highway customers and up to 90 days for vocational customers.
“Trucking companies and professional drivers have continued to be on the frontlines of this pandemic, and we understand the physical, emotional and financial tolls this can take,” said Jonas Rybring, managing director of Volvo Financial Services in Canada. “During this difficult time, VFS Canada is maintaining its commitment to serve customers in the best ways possible so they can focus on what’s most important – staying healthy and safe.”
For complete information on these programs, customers may contact their local dealer or VFS District Finance Manager. Financing offers for U.S. customers are through VFS, a division of VFS US LLC and for Canadian customers through VFS, a division of VFS Canada, Inc.