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Financial Services

Personal Car Leasing and Funding Options

For private buyers, Volvo Car Financial Services UK has created a range of funding, contract hires, and leasing plans so that you can choose the right one for you when buying your next Volvo. Click on each option to find out more.

Personal Contract Hire (PCH)


Personal Contract Hire 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. Personal Contract Hire is the ultimate in hassle-free motoring.

Personal Contract Purchase (PCP)


A Personal Contract Purchase is a flexible form of loan where some of the cost is deferred until the end of the agreement in order to provide you with the benefit of lower monthly payments. The deferred amount is known as the Optional Final Payment and is sometimes also referred to as the Guaranteed Future Value (GFV). At the end of the agreement you have three options: retain the car, return the car, or renew the car.

Purchase Plan (PP)


A simple way of financing 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 expect to keep the car. You can trade-in your existing car and put this towards the initial deposit, or if you wish, just put down a cash deposit.

Personal Contract Hire (PCH)


A Personal Contract Hire agreement can be structured to meet your needs based on the car, 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 is flexible to meet the rental period and mileage that suits you
  • Your monthly rental can also include servicing, maintenance and repair, for an additional cost


Personal Contract Purchase (PCP)


You will agree on an estimated annual mileage and this will be used to determine 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. Your retailer may be able to help if you decide to part exchange the car.



  • 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


Purchase Plan (PP)


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.


Following an accepted application, Santander Consumer UK will fulfil your Purchase Plan as either a Conditional Sale Agreement or a Fixed Sum Loan Agreement.

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

T&C's apply. 18's & over, subject to status. Guarantee/Indemnity may be required. Finance provided by Santander Consumer (UK) plc trading as Volvo Car Financial Services, RH1 1SR.


Care by Volvo

The new car subscription from Volvo

Care By Volvo 


What is a Care by Volvo car subscription? 

Our open-ended car subscription service offers a flexible alternative to leasing or buying a brand new car. For a clear monthly fee, you get the Volvo car you want minus the commitment and hassle of car ownership. Choose a pre-built car and you’ll get it within 1 month.

Plus, there’s no risk. You can take a 30-day trial with insurance, then walk away. We’re confident you’ll continue, though. After all, you can change your car or end your subscription with just 3 months’ notice. You can even get your car delivered directly to your door.


  • Try it for 30 days, risk-free
  • Subscribe online or instore
  • Change car or cancel with 3 months' notice

To find out more about car subscription and Volvo Financial deals please contact us.