Monday, June 11, 2018

Volvo Car Malaysia Launches Volvo Car Leasing

Volvo Car Leasing has been launched in Malaysia. It offers customers an opportunity to drive a Volvo, worry-free, with the insurance, road tax, maintenance cost, and warranty covered. This leasing scheme is a first for Volvo Cars in the Southeast Asia region and offers Volvo car buyers another option to finance their Volvo purchase other than the usual hire purchase financing.

At the end of the leasing agreement, customers could either choose to select a new model to drive home, purchase the car at market rate or Future Guaranteed Value (FGV), or simply return the car to the dealership.

The programme will be available for all Volvo models sold in Malaysia, at all participating dealerships. Customers can drive home a new Volvo from as low as RM2,762 per month which is inclusive of a comprehensive insurance package, road tax, and maintenance cost under the Volvo Service Agreement Plus.

Volvo Car Malaysia had entered into a Leasing Service Agreement with MyMotor (MYEG Fintech) to make Volvo Car Leasing program possible. A signing ceremony was held at the Volvo Car Malaysia headquarters and was attended by Mr Lennart Stegland, the Managing Director of Volvo Car Malaysia, and Mr Justin Cheah, the Chief Executive Officer of MyMotor.

“Our company philosophy is centred around people, their needs and what they care about. Now with Volvo Car Leasing, our customers are able to choose an appropriate model based on their current need or station in life and change it when the need arises,” said Stegland.

“Every Volvo leased under this programme comes complete with our Volvo Service Agreement Plus (VSA+) which covers a list of service actions including a wide range of wear and tear items, giving the customer peace of mind in when it comes to his or her Volvo ownership experience,” adds Stegland.

Because it is a lump sum monthly payment that covers for almost everthing, Volvo Car Leasing also allows customers greater financial flexibility when compared to a typical hire-purchase agreement, freeing up valuable credit to purchase other assets on top of not having to worry about incidentals related to car ownership.

“Based on our calculation, a customer could potentially save more with this leasing programme when compared to a hire-purchase agreement. At the end of the lease, the customer could renew the agreement and drive home a brand-new unit of the same model or opt to upgrade his lease agreement with a different model,” said Cheah.

“In comparison to a traditional hire-purchase agreement, Volvo Car Leasing encompasses most of the cost involved with car ownership. This convenience should also prove to be very appealing to company or fleet purchasers,” Cheah adds.

With Volvo Car Leasing, the customer would not have to be concerned about disposing or selling the cars at the end of the agreement. This is often thea case  when it comes to a hire-purchase agreement, unless one just wants to keep the car for a longer than usual period of time. 

Volvo Car Leasing Launch Offers
In conjunction with the launch of Volvo Car Leasing all models will be offered with a promotional rate that is applicable from today till 31 August 2018. Volvo Car Leasing will also be offering free petrol vouchers worth RM300 for all bookings received within this promotional period.

Head over to Volvo Car Malaysia’s webpage at: Or you may contact your preferred Volvo dealership for further assistance as well as information on the available models, applicable rates, VSA+, and Volvo Car Leasing and any current promotions.

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