December 14th 2018
The exclusive Volvo Cars distributer in the UAE, Al Futtaim Trading Enterprises, celebrates this remarkable holiday season with an end-of-year promotional offer valid until the end of 2018 on all Volvo 2018-2019 SUVs (XC40, XC60, and XC90). The offer proposes a Personal Contract Plan (PCP) to its customers and gives them the advantage of optional final payment. If the customer chooses to make the final payment, the amount they will have to pay will be the minimum worth of the car only. Other options available to customers with this end-of-year deal are part exchange or returning the vehicle back to Volvo Cars instead of making the final payment. The end-of-year offer also includes decreased installments in comparison to regular finance plans. This is perfect for people who frequently switch their vehicles.
Eric Benavente, regional managing director at Al Futtaim Trading Enterprises stated: “We want our customers to start the new year on a safe and sustainable note, which is why the personal contract plan extends across Volvo’s entire range of bestselling SUVs. Customers have the advantage of selecting flexible finance options, including dealer funded options. They will have the ability to pick and choose between part exchange, retaining ownership or returning the car to Volvo.”
The PCP allows customers to select from the following three options once the contract ends:
Option 1: Part Exchange
At any time during the contract, the buyer can contact the dealer to either settle their account or use any equity in the vehicle to help pay for a new Volvo.
They can also sell their Volvo individually once the account is reconciled. They will remain entitled to any excess value received for the vehicle above the Guaranteed Minimum Future Value /Optional Final Payment and may use it as a deposit on a new Volvo.
Option 2: Retain Ownership
Once the contract term is up, they can keep vehicle ownership by simply paying the GMFV/Optional Final Payment.
Option 3: Return The Vehicle To Volvo
If the vehicle is in a good condition and within the decided mileage, they have the option to return the vehicle to Volvo UAE without any additional payments. However, in case the mileage surpasses the settled limit, they have to pay the excess mileage fee.
Customers who want to buy the XC40, XC60 or XC90 can therefore renew, hold or return their vehicles at the end of the agreement term. Monthly installments on the three cars start at AED 1,999, AED 2,499 and AED 2,999 for the XC40, XC60, and XC90 respectively. Further down payment assistance is also accessible to customers through the Volvo Care package.